Brokerages Anticipate LivePerson, Inc. (LPSN) Will Post Quarterly Sales of $62.55 Million

Wall Street analysts expect LivePerson, Inc. (NASDAQ:LPSN) to post sales of $62.55 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for LivePerson’s earnings. The highest sales estimate is $62.67 million and the lowest is $62.46 million. LivePerson posted sales of $56.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.7%. The firm is expected to announce its next earnings report after the market closes on Thursday, November 8th.

On average, analysts expect that LivePerson will report full-year sales of $246.39 million for the current fiscal year, with estimates ranging from $246.07 million to $246.56 million. For the next financial year, analysts expect that the company will post sales of $275.87 million, with estimates ranging from $272.19 million to $279.86 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover LivePerson.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. B. Riley upped their price objective on shares of LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Needham & Company LLC upped their price objective on shares of LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Roth Capital upped their price objective on shares of LivePerson to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research lowered shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. LivePerson currently has a consensus rating of “Buy” and an average target price of $26.50.

Shares of LivePerson stock traded up $0.46 during mid-day trading on Monday, hitting $23.23. The stock had a trading volume of 386,938 shares, compared to its average volume of 460,412. LivePerson has a 12-month low of $10.80 and a 12-month high of $27.40. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -387.17 and a beta of 1.27.

In other news, SVP Daryl Carlough sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $24.01, for a total value of $240,100.00. Following the transaction, the senior vice president now directly owns 23,154 shares in the company, valued at approximately $555,927.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert P. Locascio sold 2,567 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $68,153.85. Following the completion of the transaction, the chief executive officer now owns 316,239 shares in the company, valued at $8,396,145.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,854 shares of company stock worth $1,345,404. Company insiders own 11.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new stake in LivePerson during the 3rd quarter worth approximately $211,000. MML Investors Services LLC acquired a new stake in LivePerson during the 3rd quarter worth approximately $825,000. Stone Ridge Asset Management LLC acquired a new stake in LivePerson during the 3rd quarter worth approximately $221,000. WINTON GROUP Ltd acquired a new stake in LivePerson during the 3rd quarter worth approximately $437,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in LivePerson during the 3rd quarter worth approximately $538,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

About LivePerson

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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