LivePerson, Inc. (LPSN) Given Consensus Rating of “Buy” by Brokerages

LivePerson, Inc. (NASDAQ:LPSN) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.80.

Several equities research analysts have issued reports on LPSN shares. BidaskClub cut LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Roth Capital raised their target price on LivePerson to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Needham & Company LLC raised their target price on LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, B. Riley raised their target price on LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd.

In other news, SVP Daryl Carlough sold 1,223 shares of LivePerson stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $26.55, for a total value of $32,470.65. Following the completion of the sale, the senior vice president now directly owns 12,719 shares of the company’s stock, valued at $337,689.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monica L. Greenberg sold 36,723 shares of LivePerson stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $22.03, for a total value of $809,007.69. Following the completion of the sale, the executive vice president now directly owns 31,604 shares of the company’s stock, valued at $696,236.12. The disclosure for this sale can be found here. Insiders sold 48,854 shares of company stock valued at $1,105,304 over the last ninety days. Insiders own 11.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System grew its stake in shares of LivePerson by 1.7% in the second quarter. New York State Teachers Retirement System now owns 129,826 shares of the technology company’s stock valued at $2,739,000 after buying an additional 2,213 shares in the last quarter. Advisory Services Network LLC acquired a new position in LivePerson during the 2nd quarter worth $108,000. BlueMountain Capital Management LLC grew its stake in LivePerson by 29.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 23,280 shares of the technology company’s stock worth $491,000 after purchasing an additional 5,336 shares in the last quarter. Bank of Montreal Can acquired a new position in LivePerson during the 2nd quarter worth $139,000. Finally, Tower Research Capital LLC TRC acquired a new position in LivePerson during the 2nd quarter worth $156,000. 80.31% of the stock is owned by institutional investors and hedge funds.

LivePerson stock traded down $0.26 during trading on Monday, reaching $20.79. 53,216 shares of the company were exchanged, compared to its average volume of 431,096. LivePerson has a 52-week low of $10.80 and a 52-week high of $27.40. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -348.17 and a beta of 1.27.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). LivePerson had a negative return on equity of 5.48% and a negative net margin of 9.21%. The firm had revenue of $64.21 million for the quarter, compared to the consensus estimate of $62.55 million. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. Equities analysts predict that LivePerson will post -0.08 EPS for the current fiscal year.

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.

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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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