LivePerson (NASDAQ:LPSN) Hits New 1-Year High at $39.78

LivePerson, Inc. (NASDAQ:LPSN)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.78 and last traded at $38.72, with a volume of 645227 shares. The stock had previously closed at $38.41.

Several research analysts have issued reports on LPSN shares. Oppenheimer increased their target price on shares of LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Berenberg Bank started coverage on shares of LivePerson in a report on Thursday, May 16th. They set a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “sell” rating in a report on Wednesday, August 7th. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, KeyCorp increased their target price on shares of LivePerson from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $35.73.

The firm has a market capitalization of $2.53 billion, a P/E ratio of -168.35 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.41 and a current ratio of 2.41. The business’s fifty day moving average price is $33.00 and its two-hundred day moving average price is $29.19.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.11). LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The firm had revenue of $71.00 million during the quarter, compared to the consensus estimate of $70.16 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Sell-side analysts predict that LivePerson, Inc. will post -0.71 earnings per share for the current year.

In related news, EVP Monica L. Greenberg sold 4,352 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $27.08, for a total value of $117,852.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daryl Carlough sold 16,164 shares of the stock in a transaction that occurred 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 sold a total of 60,266 shares of company stock worth $1,728,075 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of LivePerson by 6.4% in the 2nd quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock valued at $258,941,000 after purchasing an additional 556,214 shares during the last quarter. Vanguard Group Inc. raised its position in shares of LivePerson by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,230,499 shares of the technology company’s stock valued at $174,703,000 after purchasing an additional 149,203 shares during the last quarter. FMR LLC raised its position in shares of LivePerson by 1.5% in the 1st quarter. FMR LLC now owns 3,678,554 shares of the technology company’s stock valued at $106,752,000 after purchasing an additional 52,606 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of LivePerson by 10.7% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock valued at $98,138,000 after purchasing an additional 327,580 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of LivePerson by 87.0% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock valued at $42,510,000 after purchasing an additional 681,616 shares during the last quarter. 87.13% of the stock is owned by hedge funds and other institutional investors.

About LivePerson (NASDAQ:LPSN)

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.

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