LivePerson, Inc. (LPSN) Expected to Post Earnings of $0.01 Per Share

Wall Street brokerages expect LivePerson, Inc. (NASDAQ:LPSN) to post earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for LivePerson’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.01. LivePerson also reported earnings per share of $0.01 in the same quarter last year. The firm is expected to issue its next earnings report on Wednesday, July 25th.

On average, analysts expect that LivePerson will report full-year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.13. For the next year, analysts forecast that the company will post earnings of $0.18 per share, with EPS estimates ranging from $0.13 to $0.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover LivePerson.

LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, May 3rd. The technology company reported $0.01 EPS for the quarter. The business had revenue of $58.24 million during the quarter, compared to analysts’ expectations of $57.22 million. LivePerson had a negative net margin of 6.95% and a negative return on equity of 2.89%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 earnings per share.

Several analysts recently issued reports on LPSN shares. BidaskClub raised shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, June 8th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $24.00 price objective on shares of LivePerson in a research note on Wednesday, June 6th. ValuEngine raised shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of LivePerson in a research note on Friday, March 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.00.

In other news, CFO Daniel Richard Murphy sold 30,696 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $15.69, for a total value of $481,620.24. Following the completion of the sale, the chief financial officer now owns 100,789 shares of the company’s stock, valued at approximately $1,581,379.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert P. Locascio sold 2,465 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $15.30, for a total transaction of $37,714.50. Following the completion of the sale, the chief executive officer now directly owns 321,191 shares of the company’s stock, valued at approximately $4,914,222.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,052,755 shares of company stock valued at $19,985,113. 11.50% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of LivePerson in the 4th quarter valued at approximately $1,012,000. BlackRock Inc. grew its stake in shares of LivePerson by 4.6% in the 4th quarter. BlackRock Inc. now owns 6,989,338 shares of the technology company’s stock valued at $80,377,000 after buying an additional 310,088 shares during the period. Pier Capital LLC purchased a new stake in shares of LivePerson in the 1st quarter valued at approximately $6,161,000. Rhumbline Advisers grew its stake in shares of LivePerson by 16.8% in the 4th quarter. Rhumbline Advisers now owns 122,576 shares of the technology company’s stock valued at $1,410,000 after buying an additional 17,615 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of LivePerson by 23.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,719,600 shares of the technology company’s stock valued at $31,275,000 after buying an additional 508,300 shares during the period. 77.18% of the stock is owned by institutional investors and hedge funds.

LivePerson traded up $0.15, hitting $23.00, during trading hours on Monday, according to MarketBeat.com. 3,732 shares of the company’s stock traded hands, compared to its average volume of 454,039. LivePerson has a 52-week low of $10.70 and a 52-week high of $22.98. The stock has a market cap of $1.36 billion, a PE ratio of -383.33 and a beta of 0.99.

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.

Get a free copy of the Zacks research report on LivePerson (LPSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply