LivePerson (LPSN) Stock Rating Lowered by BidaskClub

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BidaskClub cut shares of LivePerson (NASDAQ:LPSN) from a buy rating to a hold rating in a research report released on Friday, BidAskClub reports.

LPSN has been the subject of several other reports. Jefferies Financial Group started coverage on LivePerson in a research report on Monday, April 1st. They set a buy rating and a $36.00 target price for the company. Piper Jaffray Companies started coverage on LivePerson in a report on Monday, March 25th. They issued an overweight rating and a $39.00 price objective for the company. Benchmark restated a buy rating and issued a $34.00 price objective (up from $30.00) on shares of LivePerson in a report on Thursday, March 21st. Barclays started coverage on LivePerson in a report on Friday, March 8th. They issued an overweight rating and a $27.45 price objective for the company. Finally, Evercore ISI started coverage on LivePerson in a report on Thursday, March 7th. They issued an outperform rating and a $34.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. LivePerson currently has a consensus rating of Buy and a consensus price target of $30.39.

NASDAQ LPSN traded down $0.72 on Friday, hitting $28.12. 577,512 shares of the stock were exchanged, compared to its average volume of 679,299. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -122.26 and a beta of 1.18. LivePerson has a 52-week low of $15.85 and a 52-week high of $30.28.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $65.72 million for the quarter, compared to analysts’ expectations of $64.91 million. LivePerson had a negative return on equity of 5.56% and a negative net margin of 10.02%. As a group, research analysts anticipate that LivePerson will post -0.48 EPS for the current fiscal year.

In other LivePerson news, CFO Christopher E. Greiner sold 5,033 shares of LivePerson stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $29.66, for a total value of $149,278.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alexander Spinelli sold 15,080 shares of LivePerson stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.30, for a total value of $411,684.00. The disclosure for this sale can be found here. Insiders sold 25,145 shares of company stock worth $705,668 in the last quarter. 11.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in LivePerson by 26.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock valued at $92,000 after purchasing an additional 1,029 shares during the last quarter. Meeder Asset Management Inc. grew its stake in LivePerson by 818.5% in the fourth quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock valued at $100,000 after purchasing an additional 4,690 shares during the last quarter. Virtu Financial LLC purchased a new position in LivePerson in the first quarter valued at about $236,000. Neuburgh Advisers LLC grew its stake in shares of LivePerson by 159.3% during the fourth 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 during the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of LivePerson by 159.3% during the fourth 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 during the last quarter. Institutional investors own 80.51% 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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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