Brokerages predict that LivePerson, Inc. (NASDAQ:LPSN) will report $56.60 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for LivePerson’s earnings, with estimates ranging from $56.40 million to $56.96 million. LivePerson posted sales of $56.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 20th.
On average, analysts expect that LivePerson will report full year sales of $56.60 million for the current year, with estimates ranging from $217.89 million to $218.45 million. For the next fiscal year, analysts anticipate that the business will report sales of $233.87 million per share, with estimates ranging from $230.07 million to $236.22 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow LivePerson.
Several equities research analysts have recently commented on the company. BidaskClub raised LivePerson from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of LivePerson in a report on Friday, January 26th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a report on Wednesday, November 1st. Finally, B. Riley assumed coverage on LivePerson in a report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. LivePerson presently has a consensus rating of “Buy” and a consensus target price of $15.23.
In related news, CFO Daniel Richard Murphy sold 2,493 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $28,544.85. Following the sale, the chief financial officer now owns 82,185 shares in the company, valued at approximately $941,018.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total value of $31,819.55. Following the completion of the sale, the chief executive officer now owns 73,656 shares in the company, valued at approximately $843,361.20. The disclosure for this sale can be found here. In the last three months, insiders sold 7,440 shares of company stock valued at $85,188. 11.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of LPSN. Piedmont Investment Advisors LLC bought a new stake in LivePerson in the 2nd quarter valued at $128,000. BlueCrest Capital Management Ltd bought a new stake in LivePerson in the 2nd quarter valued at $131,000. Ellington Management Group LLC bought a new stake in LivePerson in the 4th quarter valued at $146,000. Miles Capital Inc. bought a new stake in LivePerson in the 4th quarter valued at $169,000. Finally, Public Employees Retirement System of Ohio bought a new stake in LivePerson in the 3rd quarter valued at $177,000. Institutional investors and hedge funds own 76.52% 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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