Analysts expect LivePerson, Inc. (NASDAQ:LPSN) to post ($0.08) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for LivePerson’s earnings, with estimates ranging from ($0.14) to $0.01. LivePerson posted earnings of ($0.01) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 700%. The firm is expected to announce its next earnings results on Thursday, May 2nd.
On average, analysts expect that LivePerson will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to $0.14. For the next fiscal year, analysts forecast that the firm will report earnings of $0.06 per share, with EPS estimates ranging from ($0.03) to $0.13. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for LivePerson.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $65.72 million during 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%.
Several research firms have commented on LPSN. BidaskClub raised shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Friday, December 28th. Summit Insights began coverage on shares of LivePerson in a research note on Friday, December 21st. They set a “buy” rating and a $18.56 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target (up from $28.00) on shares of LivePerson in a research note on Friday, February 22nd. B. Riley set a $32.00 target price on shares of LivePerson and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Benchmark restated a “buy” rating and issued a $34.00 target price (up previously from $30.00) on shares of LivePerson in a report on Thursday, March 21st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. LivePerson presently has an average rating of “Buy” and an average target price of $30.39.
LPSN traded down $0.72 on Friday, reaching $28.12. The company had a trading volume of 571,660 shares, compared to its average volume of 679,299. The company has a market capitalization of $1.88 billion, a P/E 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.
A number of large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of LivePerson during the 1st quarter valued at about $236,000. Pembroke Management LTD grew its stake in shares of LivePerson by 15.9% during the 1st quarter. Pembroke Management LTD now owns 354,688 shares of the technology company’s stock valued at $10,293,000 after purchasing an additional 48,650 shares during the period. Deutsche Bank AG grew its stake in shares of LivePerson by 12.9% during the 4th quarter. Deutsche Bank AG now owns 234,747 shares of the technology company’s stock valued at $4,425,000 after purchasing an additional 26,907 shares during the period. Geode Capital Management LLC grew its stake in shares of LivePerson by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 672,530 shares of the technology company’s stock valued at $12,683,000 after purchasing an additional 51,426 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of LivePerson during the 4th quarter valued at about $4,515,000. 80.51% of the stock is owned by institutional investors and hedge funds.
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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