LivePerson, Inc. (NASDAQ:LPSN) – Stock analysts at Oppenheimer Holdings cut their Q2 2018 EPS estimates for LivePerson in a research note issued to investors on Thursday. Oppenheimer Holdings analyst K. Ikeda now forecasts that the technology company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.01. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for LivePerson’s Q3 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.00 EPS.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $54.49 million for the quarter, compared to analyst estimates of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. LivePerson’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) EPS.
Several other research firms have also weighed in on LPSN. Benchmark Co. boosted their target price on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $17.50 target price (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of LivePerson in a report on Wednesday, November 1st. Northland Securities reiterated a “buy” rating and issued a $15.00 target price on shares of LivePerson in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. LivePerson currently has an average rating of “Buy” and an average price target of $13.92.
LivePerson (LPSN) traded down $0.20 during trading hours on Monday, reaching $11.90. 132,677 shares of the company’s stock traded hands, compared to its average volume of 453,299. LivePerson has a 12 month low of $5.43 and a 12 month high of $15.10.
In related news, CFO Daniel Richard Murphy sold 2,300 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the completion of the sale, the chief financial officer now owns 84,678 shares in the company, valued at approximately $1,160,935.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Vaskevitch sold 50,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $13.05, for a total transaction of $652,500.00. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $456,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,374 shares of company stock valued at $796,159. Company insiders own 11.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its position in LivePerson by 79.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock worth $116,000 after buying an additional 4,700 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in LivePerson during the 2nd quarter worth $128,000. BlueCrest Capital Management Ltd purchased a new position in LivePerson during the 2nd quarter worth $131,000. Municipal Employees Retirement System of Michigan raised its position in LivePerson by 5.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock worth $138,000 after buying an additional 650 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in LivePerson during the 3rd quarter worth $205,000. Institutional investors own 74.99% of the company’s stock.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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