Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report sales of $70.09 million for the current quarter, according to Zacks. Five analysts have provided estimates for LivePerson’s earnings, with the highest sales estimate coming in at $70.50 million and the lowest estimate coming in at $69.56 million. LivePerson posted sales of $61.66 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The firm is scheduled to report its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that LivePerson will report full year sales of $288.38 million for the current fiscal year, with estimates ranging from $287.09 million to $289.50 million. For the next financial year, analysts forecast that the business will report sales of $340.74 million, with estimates ranging from $334.80 million to $345.28 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LivePerson.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.06). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The firm had revenue of $66.40 million during the quarter, compared to the consensus estimate of $66.14 million.
Several research firms have recently weighed in on LPSN. BidaskClub downgraded LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised LivePerson from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $35.00 target price (up previously from $30.00) on shares of LivePerson in a research report on Friday, May 3rd. Benchmark reissued a “buy” rating and set a $34.00 target price (up previously from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Finally, Barclays began coverage on LivePerson in a research report on Friday, March 8th. They set an “overweight” rating and a $27.45 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.43.
NASDAQ:LPSN traded up $0.99 during trading hours on Friday, reaching $27.43. The stock had a trading volume of 38,052 shares, compared to its average volume of 499,769. The company has a market capitalization of $1.76 billion, a PE ratio of -119.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.75. The company’s 50 day moving average price is $28.17. LivePerson has a 52 week low of $16.98 and a 52 week high of $30.91.
In other LivePerson news, EVP Monica L. Greenberg sold 4,352 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $27.08, for a total value of $117,852.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Christopher E. Greiner sold 5,033 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $29.66, for a total value of $149,278.78. The disclosure for this sale can be found here. Insiders sold a total of 50,611 shares of company stock worth $1,400,179 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in LivePerson by 1.5% during the 1st quarter. FMR LLC now owns 3,678,554 shares of the technology company’s stock valued at $106,752,000 after buying an additional 52,606 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in LivePerson by 10.7% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock valued at $98,138,000 after buying an additional 327,580 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of LivePerson in the first quarter valued at about $2,084,000. Granite Investment Partners LLC acquired a new position in shares of LivePerson in the first quarter valued at about $13,648,000. Finally, Jennison Associates LLC increased its holdings in shares of LivePerson by 3.7% in the first quarter. Jennison Associates LLC now owns 26,530 shares of the technology company’s stock valued at $770,000 after purchasing an additional 939 shares during the period. 83.96% of the stock is currently owned by institutional investors.
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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