Brokerages Anticipate LivePerson, Inc. (NASDAQ:LPSN) to Announce -$0.11 Earnings Per Share

Equities analysts predict that LivePerson, Inc. (NASDAQ:LPSN) will post earnings of ($0.11) per share for the current quarter, Zacks reports. Five analysts have issued estimates for LivePerson’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.09). LivePerson reported earnings of $0.01 per share during the same quarter last year, which indicates a negative year over year growth rate of 1,200%. The firm is scheduled to issue its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that LivePerson will report full year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.06). For the next year, analysts anticipate that the company will post earnings of $0.06 per share, with EPS estimates ranging from $0.00 to $0.12. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for LivePerson.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.06). LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. The business had revenue of $66.40 million during the quarter, compared to analysts’ expectations of $66.14 million.

Several research analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of LivePerson in a research note on Friday, May 3rd. Zacks Investment Research raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Benchmark reissued a “buy” rating and issued a $34.00 price objective (up previously from $30.00) on shares of LivePerson in a research note on Thursday, March 21st. Jefferies Financial Group assumed coverage on shares of LivePerson in a research note on Monday, April 1st. They issued a “buy” rating and a $36.00 price objective for the company. Finally, BidaskClub raised shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $31.43.

In related news, EVP Monica L. Greenberg sold 23,601 shares of LivePerson stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $27.29, for a total value of $644,071.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher E. Greiner sold 5,033 shares of LivePerson stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $29.66, for a total transaction of $149,278.78. The disclosure for this sale can be found here. Insiders sold 50,611 shares of company stock valued at $1,400,179 in the last quarter. 9.70% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its stake in LivePerson by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock worth $656,000 after acquiring an additional 408 shares during the last quarter. New York State Teachers Retirement System raised its holdings in LivePerson by 0.3% during the first quarter. New York State Teachers Retirement System now owns 138,526 shares of the technology company’s stock worth $4,020,000 after purchasing an additional 422 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in LivePerson by 5.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,894 shares of the technology company’s stock worth $262,000 after purchasing an additional 659 shares in the last quarter. Mason Street Advisors LLC raised its holdings in LivePerson by 4.3% during the first quarter. Mason Street Advisors LLC now owns 18,891 shares of the technology company’s stock worth $548,000 after purchasing an additional 773 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in LivePerson by 1.0% during the first quarter. Arizona State Retirement System now owns 90,741 shares of the technology company’s stock worth $2,633,000 after purchasing an additional 894 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.

NASDAQ LPSN opened at $27.41 on Thursday. The company has a 50 day simple moving average of $28.23. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.96. LivePerson has a one year low of $16.98 and a one year high of $30.91. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -119.17 and a beta of 1.16.

About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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