Wall Street brokerages expect LivePerson, Inc. (NASDAQ:LPSN) to post $62.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for LivePerson’s earnings, with the highest sales estimate coming in at $62.67 million and the lowest estimate coming in at $62.46 million. LivePerson reported sales of $56.49 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that LivePerson will report full-year sales of $246.39 million for the current fiscal year, with estimates ranging from $246.07 million to $246.56 million. For the next fiscal year, analysts anticipate that the firm will post sales of $275.87 million per share, with estimates ranging from $272.19 million to $279.86 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow LivePerson.
LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, August 1st. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The business had revenue of $61.66 million during the quarter, compared to analysts’ expectations of $59.46 million. During the same quarter last year, the firm posted $0.01 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis.
Several research firms recently commented on LPSN. BidaskClub raised LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. B. Riley raised their price objective on LivePerson from $19.25 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Needham & Company LLC raised their price objective on LivePerson from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Roth Capital raised their price objective on LivePerson to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a research note on Saturday, June 9th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.29.
In other news, SVP Daryl Carlough sold 10,000 shares of LivePerson stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.01, for a total value of $240,100.00. Following the completion of the transaction, the senior vice president now directly owns 23,154 shares in the company, valued at $555,927.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel Richard Murphy sold 112,500 shares of LivePerson stock in a transaction on Friday, June 1st. The shares were sold at an average price of $19.51, for a total value of $2,194,875.00. The disclosure for this sale can be found here. Insiders have sold 751,152 shares of company stock worth $14,945,668 over the last quarter. 11.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of LPSN. TIAA CREF Investment Management LLC grew its position in LivePerson by 3.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 316,399 shares of the technology company’s stock worth $3,639,000 after buying an additional 10,522 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in LivePerson during the fourth quarter worth about $337,000. Algert Global LLC bought a new stake in LivePerson during the first quarter worth about $214,000. Mackay Shields LLC bought a new stake in LivePerson during the first quarter worth about $1,445,000. Finally, PenderFund Capital Management Ltd. lifted its stake in LivePerson by 59.0% during the first quarter. PenderFund Capital Management Ltd. now owns 230,647 shares of the technology company’s stock worth $3,829,000 after purchasing an additional 85,600 shares during the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.
NASDAQ LPSN traded up $1.00 during trading hours on Tuesday, hitting $25.80. 37,853 shares of the company’s stock were exchanged, compared to its average volume of 573,222. LivePerson has a 1-year low of $10.80 and a 1-year high of $25.20. The stock has a market capitalization of $1.54 billion, a P/E ratio of -432.50 and a beta of 1.02.
LivePerson Company Profile
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
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