LivePerson (LPSN) Releases FY18 Earnings Guidance

LivePerson (NASDAQ:LPSN) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.07-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.11. The company issued revenue guidance of $237-243 million, compared to the consensus revenue estimate of $233.99 million.LivePerson also updated its Q1 guidance to $0.00-0.01 EPS.

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a buy rating and issued a $16.00 price objective on shares of LivePerson in a research report on Wednesday, November 1st. Oppenheimer reaffirmed a hold rating on shares of LivePerson in a research note on Friday, January 26th. B. Riley started coverage on LivePerson in a research note on Thursday, December 14th. They set a buy rating and a $16.50 price objective for the company. BidaskClub raised LivePerson from a hold rating to a buy rating in a research note on Saturday. Finally, Zacks Investment Research cut LivePerson from a hold rating to a sell rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. LivePerson has a consensus rating of Buy and an average target price of $15.23.

Shares of LivePerson (LPSN) traded up $0.65 during trading on Tuesday, reaching $13.10. The company’s stock had a trading volume of 644,068 shares, compared to its average volume of 388,187. LivePerson has a 52-week low of $6.47 and a 52-week high of $15.10. The firm has a market cap of $779.77, a P/E ratio of -30.47 and a beta of 1.20.

In related news, 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 value of $31,819.55. Following the transaction, the chief executive officer now owns 73,656 shares of the company’s stock, valued at approximately $843,361.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel Richard Murphy sold 2,493 shares of LivePerson stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $28,544.85. Following the transaction, the chief financial officer now directly owns 82,185 shares in the company, valued at approximately $941,018.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,440 shares of company stock worth $85,188. 11.70% of the stock is owned by insiders.

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About LivePerson

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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