LivePerson (NASDAQ:LPSN) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of LivePerson (NASDAQ:LPSN) from a sell rating to a hold rating in a research note published on Friday, BidAskClub reports.

Several other analysts have also recently commented on LPSN. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. Piper Jaffray Companies lifted their price target on Apple to $201.00 and gave the company an overweight rating in a report on Monday, March 25th. KeyCorp initiated coverage on LivePerson in a report on Thursday, July 11th. They issued an overweight rating and a $36.00 price target for the company. Benchmark restated a buy rating and issued a $120.00 price target (up previously from $115.00) on shares of Nexstar Media Group in a report on Thursday, March 21st. Finally, Needham & Company LLC restated a buy rating and issued a $200.00 price target (up previously from $140.00) on shares of Universal Display in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $32.27.

LivePerson stock opened at $31.71 on Friday. The stock has a market cap of $1.99 billion, a PE ratio of -137.87 and a beta of 1.08. The stock’s 50-day moving average is $28.15. LivePerson has a 52 week low of $16.98 and a 52 week high of $31.79. 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 (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). The company had revenue of $66.40 million for the quarter, compared to analysts’ expectations of $66.14 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. Equities research analysts predict that LivePerson will post -0.52 EPS for the current fiscal year.

In other news, EVP Monica L. Greenberg sold 4,352 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $27.08, for a total transaction of $117,852.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total value of $447,904.44. The disclosure for this sale can be found here. Insiders have sold a total of 45,578 shares of company stock valued at $1,250,900 in the last quarter. Company insiders own 9.70% of the company’s stock.

Several large investors have recently modified their holdings of LPSN. Neuburgh Advisers LLC lifted its position in LivePerson by 159.3% during the 4th quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after acquiring an additional 5,258 shares in the last quarter. Virtu Financial LLC acquired a new position in LivePerson during the 1st quarter worth approximately $236,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in LivePerson during the 1st quarter worth approximately $242,000. Flinton Capital Management LLC lifted its position in LivePerson by 159.3% during the 4th quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock worth $249,000 after acquiring an additional 8,126 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in LivePerson during the 1st quarter worth approximately $276,000. Institutional investors and hedge funds own 83.88% of the company’s stock.

LivePerson Company Profile

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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