LPSN has been the topic of a number of other reports. Zacks Investment Research cut LivePerson from a hold rating to a sell rating in a research note on Thursday, January 4th. BidaskClub upgraded LivePerson from a hold rating to a buy rating in a research note on Saturday, February 17th. Northland Securities reiterated a buy rating and issued a $21.00 target price on shares of LivePerson in a research note on Friday, February 23rd. Finally, Oppenheimer reiterated a hold rating on shares of LivePerson in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $16.54.
Shares of LivePerson (NASDAQ LPSN) opened at $15.75 on Thursday. LivePerson has a one year low of $6.47 and a one year high of $16.00.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Tuesday, February 20th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $57.39 million during the quarter, compared to the consensus estimate of $56.60 million. LivePerson had a negative net margin of 8.31% and a negative return on equity of 3.11%. equities analysts expect that LivePerson will post -0.07 EPS for the current fiscal year.
In other news, CEO Robert P. Locascio sold 2,779 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $31,819.55. Following the transaction, the chief executive officer now directly owns 73,656 shares of the company’s stock, valued at $843,361.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daryl Carlough sold 4,754 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $15.56, for a total value of $73,972.24. Following the transaction, the senior vice president now directly owns 10,510 shares in the company, valued at $163,535.60. The disclosure for this sale can be found here. Insiders have sold 24,286 shares of company stock worth $344,652 over the last three months. Corporate insiders own 11.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of LPSN. Ellington Management Group LLC acquired a new position in shares of LivePerson during the fourth quarter valued at $146,000. Miles Capital Inc. acquired a new position in shares of LivePerson during the fourth quarter valued at $169,000. Public Employees Retirement System of Ohio acquired a new position in shares of LivePerson during the third quarter valued at $177,000. Advisor Group Inc. acquired a new position in shares of LivePerson during the third quarter valued at $189,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of LivePerson during the fourth quarter valued at $198,000. 78.60% of the stock is currently owned by institutional investors.
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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.
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