Brokerages expect LivePerson, Inc. (NASDAQ:LPSN) to report $70.12 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for LivePerson’s earnings, with the lowest sales estimate coming in at $69.56 million and the highest estimate coming in at $70.50 million. LivePerson reported sales of $61.66 million in the same quarter last year, which indicates a positive year over year growth rate of 13.7%. The business is expected to report its next earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that LivePerson will report full-year sales of $288.45 million for the current year, with estimates ranging from $287.09 million to $289.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $341.83 million, with estimates ranging from $334.80 million to $346.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for LivePerson.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The business had revenue of $66.40 million during the quarter, compared to the consensus estimate of $66.14 million.
A number of brokerages recently weighed in on LPSN. Berenberg Bank set a €54.00 ($62.79) price target on shares of 1&1 Drillisch and gave the company a “buy” rating in a report on Thursday, May 16th. Jefferies Financial Group raised their price target on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a report on Monday, April 1st. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target (up previously from $140.00) on shares of Universal Display in a report on Friday, May 3rd. Piper Jaffray Companies raised their price target on shares of Apple to $201.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Finally, KeyCorp assumed coverage on shares of LivePerson in a report on Thursday, July 11th. They issued an “overweight” rating and a $36.00 price target for the company. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.27.
Shares of NASDAQ LPSN traded up $0.16 during mid-day trading on Monday, reaching $32.15. The company had a trading volume of 504,042 shares, compared to its average volume of 520,730. LivePerson has a twelve month low of $16.98 and a twelve month high of $32.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $2.07 billion, a PE ratio of -139.78 and a beta of 1.08. The stock has a 50 day simple moving average of $28.41.
In related news, EVP Monica L. Greenberg sold 23,601 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $27.29, for a total value of $644,071.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $27.71, for a total transaction of $447,904.44. The disclosure for this sale can be found here. Insiders have sold a total of 45,578 shares of company stock valued at $1,250,900 in the last ninety days. Company insiders own 9.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of LPSN. BlackRock Inc. increased its holdings in LivePerson by 2.6% during the 4th quarter. BlackRock Inc. now owns 8,669,909 shares of the technology company’s stock worth $163,516,000 after purchasing an additional 216,190 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of LivePerson by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 829,459 shares of the technology company’s stock worth $15,645,000 after acquiring an additional 59,457 shares in the last quarter. Texas Permanent School Fund grew its position in shares of LivePerson by 5.7% in the 4th quarter. Texas Permanent School Fund now owns 38,179 shares of the technology company’s stock worth $720,000 after acquiring an additional 2,053 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of LivePerson in the 4th quarter worth approximately $327,000. Finally, Great West Life Assurance Co. Can grew its position in shares of LivePerson by 6.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 73,601 shares of the technology company’s stock worth $1,281,000 after acquiring an additional 4,366 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.
LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
Featured Article: Current Ratio
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.