LivePerson (NASDAQ:LPSN)‘s stock had its “buy” rating reiterated by equities research analysts at Northland Securities in a note issued to investors on Friday. They currently have a $21.00 price objective on the technology company’s stock. Northland Securities’ target price points to a potential upside of 47.37% from the company’s current price.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Oppenheimer restated a “hold” rating on shares of LivePerson in a research report on Friday, January 26th. B. Riley began coverage on LivePerson in a research report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. LivePerson has an average rating of “Buy” and a consensus price target of $15.98.
Shares of LivePerson (NASDAQ LPSN) traded down $0.30 during midday trading on Friday, reaching $14.25. The company had a trading volume of 463,367 shares, compared to its average volume of 470,481. The stock has a market capitalization of $866.08, a price-to-earnings ratio of -45.97 and a beta of 1.20. LivePerson has a 52-week low of $6.47 and a 52-week high of $15.10.
Hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in shares of LivePerson during the 2nd quarter worth approximately $128,000. Ellington Management Group LLC acquired a new position in shares of LivePerson during the 4th quarter worth approximately $146,000. Public Employees Retirement System of Ohio acquired a new position in shares of LivePerson during the 3rd quarter worth approximately $177,000. Advisor Group Inc. acquired a new position in shares of LivePerson during the 3rd quarter worth approximately $189,000. Finally, Miles Capital Inc. acquired a new position in shares of LivePerson during the 4th quarter worth approximately $169,000. 75.76% of the stock is owned by institutional investors and hedge funds.
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LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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