Shares of LivePerson, Inc. (NASDAQ:LPSN) have been assigned an average recommendation of “Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.00.
Several research firms have weighed in on LPSN. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price target (up 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 target (up from $30.00) on shares of LivePerson in a research note on Thursday, March 21st. Jefferies Financial Group started coverage on shares of LivePerson in a research note on Monday, April 1st. They set 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.
In related news, CEO Robert P. Locascio sold 2,373 shares of the business’s stock in a transaction dated Saturday, March 16th. The shares were sold at an average price of $28.82, for a total transaction of $68,389.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christopher E. Greiner sold 5,033 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were 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. Over the last ninety days, insiders have sold 10,483 shares of company stock valued at $306,290. Insiders own 11.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its holdings 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 purchasing an additional 408 shares during the period. New York State Teachers Retirement System grew its holdings in shares of 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 valued at $4,020,000 after buying an additional 422 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in LivePerson by 5.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,894 shares of the technology company’s stock valued at $262,000 after purchasing an additional 659 shares during the period. Mason Street Advisors LLC raised its position in LivePerson by 4.3% in the first quarter. Mason Street Advisors LLC now owns 18,891 shares of the technology company’s stock worth $548,000 after acquiring an additional 773 shares during the period. Finally, Arizona State Retirement System raised its position in LivePerson by 1.0% in the first quarter. Arizona State Retirement System now owns 90,741 shares of the technology company’s stock worth $2,633,000 after acquiring an additional 894 shares during the period. Institutional investors and hedge funds own 83.99% of the company’s stock.
LivePerson stock traded up $0.13 during mid-day trading on Friday, hitting $27.17. The company’s stock had a trading volume of 2,936 shares, compared to its average volume of 566,047. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.75 billion, a PE ratio of -118.13 and a beta of 1.16. LivePerson has a 12 month low of $16.98 and a 12 month high of $30.91.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The business had revenue of $66.40 million during the quarter, compared to the consensus estimate of $66.14 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. As a group, equities analysts expect that LivePerson will post -0.5 earnings per share for the current fiscal year.
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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