LivePerson (LPSN) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of LivePerson (NASDAQ:LPSN) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

Several other brokerages have also commented on LPSN. B. Riley initiated coverage on shares of LivePerson in a report on Thursday, December 14th. They issued a buy rating and a $16.50 price objective for the company. Oppenheimer restated a hold rating on shares of LivePerson in a report on Friday, January 26th. Northland Securities restated a buy rating and issued a $21.00 price objective on shares of LivePerson in a report on Friday, February 23rd. Finally, Zacks Investment Research lowered shares of LivePerson from a hold rating to a sell rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $15.98.

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LivePerson (LPSN) opened at $15.60 on Tuesday. LivePerson has a 1-year low of $6.47 and a 1-year high of $15.65. The company has a market cap of $928.58, a price-to-earnings ratio of -42.16 and a beta of 0.93.

In other LivePerson news, CFO Daniel Richard Murphy sold 12,092 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $15.34, for a total transaction of $185,491.28. Following the completion of the sale, the chief financial officer now directly owns 70,093 shares in the company, valued at approximately $1,075,226.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total transaction of $31,819.55. Following the sale, the chief executive officer now owns 73,656 shares of the company’s stock, valued at $843,361.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,532 shares of company stock valued at $270,679. 11.40% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in LivePerson by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,917 shares of the technology company’s stock valued at $483,000 after purchasing an additional 1,285 shares in the last quarter. Voya Investment Management LLC increased its stake in LivePerson by 7.2% during the 2nd quarter. Voya Investment Management LLC now owns 33,968 shares of the technology company’s stock valued at $374,000 after purchasing an additional 2,272 shares in the last quarter. Geode Capital Management LLC increased its stake in LivePerson by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 493,337 shares of the technology company’s stock valued at $5,673,000 after purchasing an additional 5,410 shares in the last quarter. JPMorgan Chase & Co. increased its stake in LivePerson by 8.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,540 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 5,773 shares in the last quarter. Finally, HBK Investments L P increased its stake in LivePerson by 14.3% during the 4th quarter. HBK Investments L P now owns 48,090 shares of the technology company’s stock valued at $553,000 after purchasing an additional 6,014 shares in the last quarter. Institutional investors and hedge funds own 78.60% of the company’s stock.

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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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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