LivePerson, Inc. (NASDAQ:LPSN) has been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.00.
A number of analysts recently commented on LPSN shares. Piper Jaffray Companies started coverage on LivePerson in a research report on Monday, March 25th. They set an “overweight” rating and a $39.00 price objective for the company. BidaskClub upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Evercore ISI initiated coverage on LivePerson in a report on Thursday, March 7th. They issued an “outperform” rating and a $34.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target (up previously from $28.00) on shares of LivePerson in a report on Friday, February 22nd. Finally, Berenberg Bank initiated coverage on LivePerson in a report on Thursday, May 16th. They issued a “buy” rating and a $40.00 price target for the company.
In other LivePerson news, CEO Robert P. Locascio sold 2,373 shares of LivePerson stock in a transaction dated Saturday, March 16th. The stock was sold at an average price of $28.82, for a total value of $68,389.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 4,352 shares of LivePerson stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $27.08, for a total value of $117,852.16. The disclosure for this sale can be found here. Insiders sold a total of 14,835 shares of company stock valued at $424,142 in the last 90 days. 11.50% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of LPSN. Artisan Partners Limited Partnership grew its holdings in shares of LivePerson by 87.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock worth $42,510,000 after purchasing an additional 681,616 shares during the period. Granite Investment Partners LLC purchased a new stake in shares of LivePerson during the 1st quarter worth about $13,648,000. Millennium Management LLC grew its holdings in shares of LivePerson by 576.4% during the 4th quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock worth $9,787,000 after purchasing an additional 442,231 shares during the period. Altshuler Shaham Ltd grew its holdings in shares of LivePerson by 75.2% during the 4th quarter. Altshuler Shaham Ltd now owns 915,187 shares of the technology company’s stock worth $16,971,000 after purchasing an additional 392,679 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of 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 worth $98,138,000 after purchasing an additional 327,580 shares during the period. Institutional investors and hedge funds own 83.99% of the company’s stock.
LivePerson stock remained flat at $$28.23 during midday trading on Friday. The company had a trading volume of 269,237 shares, compared to its average volume of 656,772. The stock has a market cap of $1.84 billion, a PE ratio of -122.74 and a beta of 1.16. LivePerson has a 1 year low of $16.98 and a 1 year high of $30.91. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.96.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). The company had revenue of $66.40 million for the quarter, compared to analysts’ expectations of $66.14 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. Equities research analysts predict that LivePerson will post -0.5 EPS 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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