Equities research analysts forecast that LivePerson, Inc. (NASDAQ:LPSN) will announce sales of $68.99 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for LivePerson’s earnings, with the highest sales estimate coming in at $85.81 million and the lowest estimate coming in at $66.00 million. LivePerson posted sales of $58.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The company is expected to announce its next earnings report on Thursday, May 2nd.
On average, analysts expect that LivePerson will report full-year sales of $287.77 million for the current fiscal year, with estimates ranging from $285.92 million to $289.00 million. For the next year, analysts expect that the business will report sales of $341.16 million, with estimates ranging from $334.77 million to $345.13 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow LivePerson.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). LivePerson had a negative return on equity of 5.56% and a negative net margin of 10.02%. The company had revenue of $65.72 million for the quarter, compared to analyst estimates of $64.91 million.
LPSN has been the topic of a number of recent analyst reports. B. Riley set a $32.00 price target on shares of LivePerson and gave the stock a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Evercore ISI began coverage on shares of LivePerson in a research note on Thursday, March 7th. They issued an “outperform” rating and a $34.00 price objective on the stock. BidaskClub raised shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Finally, Barclays began coverage on shares of LivePerson in a research note on Friday, March 8th. They issued an “overweight” rating and a $27.45 price objective on the stock. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $30.39.
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LivePerson by 26.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after purchasing an additional 1,029 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of LivePerson by 818.5% during the 4th quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after purchasing an additional 4,690 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of LivePerson by 159.3% during the 4th quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after purchasing an additional 5,258 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of LivePerson during the 1st quarter worth about $236,000. Finally, Flinton Capital Management LLC boosted its stake in shares of LivePerson by 159.3% during the 4th quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock worth $249,000 after purchasing an additional 8,126 shares during the last quarter. 80.51% of the stock is currently owned by institutional investors.
Shares of NASDAQ:LPSN traded down $0.72 on Monday, reaching $28.12. 577,499 shares of the company were exchanged, compared to its average volume of 679,299. LivePerson has a 1-year low of $15.85 and a 1-year high of $30.28. The stock has a market cap of $1.88 billion, a PE ratio of -122.26 and a beta of 1.18.
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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