LivePerson (LPSN) Research Coverage Started at B. Riley

B. Riley started coverage on shares of LivePerson (NASDAQ:LPSN) in a research report released on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $16.50 price target on the technology company’s stock.

Several other analysts have also weighed in on LPSN. Northland Securities reiterated a buy rating and issued a $15.00 price objective on shares of LivePerson in a research note on Friday, September 1st. Needham & Company LLC initiated coverage on shares of LivePerson in a research note on Thursday, September 21st. They issued a buy rating and a $16.00 price objective for the company. Benchmark lifted their price objective on shares of LivePerson from $14.00 to $18.00 and gave the company a buy rating in a research note on Tuesday, October 10th. Finally, Ladenburg Thalmann Financial Services reiterated a buy rating and issued a $17.50 price objective (up previously from $15.00) on shares of LivePerson in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $15.23.

LivePerson (NASDAQ LPSN) traded up $0.50 during trading hours on Thursday, hitting $12.30. 865,093 shares of the stock traded hands, compared to its average volume of 409,638. LivePerson has a 12 month low of $5.43 and a 12 month high of $15.10.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data 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 during 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 for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. analysts expect that LivePerson will post -0.02 earnings per share for the current fiscal year.

In other LivePerson news, CFO Daniel Richard Murphy sold 2,300 shares of the business’s 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dustin Dean sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,374 shares of company stock valued at $129,989 in the last 90 days. 11.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in LPSN. People s United Financial Inc. purchased a new position in LivePerson during the 2nd quarter worth $257,000. Brighton Jones LLC purchased a new position in LivePerson during the 2nd quarter worth $182,000. TIAA CREF Investment Management LLC boosted its holdings in LivePerson by 18.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 335,082 shares of the technology company’s stock worth $3,686,000 after acquiring an additional 51,357 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in LivePerson by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 410,289 shares of the technology company’s stock worth $4,512,000 after acquiring an additional 126,567 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in LivePerson by 106.5% during the 2nd quarter. Alliancebernstein L.P. now owns 63,030 shares of the technology company’s stock worth $693,000 after acquiring an additional 32,500 shares during the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

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About LivePerson

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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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