LivePerson (NASDAQ:LPSN) had its price target hoisted by KeyCorp from $39.00 to $45.00 in a research note published on Tuesday, The Fly reports. They currently have an overweight rating on the technology company’s stock. KeyCorp also issued estimates for LivePerson’s Q2 2020 earnings at ($0.17) EPS, Q4 2020 earnings at ($0.07) EPS and FY2021 earnings at ($0.33) EPS.
LPSN has been the subject of a number of other research reports. Jefferies Financial Group boosted their target price on shares of LivePerson to $45.00 and gave the stock a buy rating in a research note on Friday, August 9th. BidaskClub raised shares of LivePerson from a buy rating to a strong-buy rating in a research note on Tuesday, August 6th. Craig Hallum boosted their target price on shares of LivePerson from $34.00 to $45.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Oppenheimer boosted their target price on shares of LivePerson from $35.00 to $41.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of LivePerson from a buy rating to a sell rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. LivePerson currently has a consensus rating of Buy and an average price target of $36.13.
LPSN stock opened at $40.64 on Tuesday. The firm has a 50-day simple moving average of $33.70 and a 200-day simple moving average of $29.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.41 and a quick ratio of 2.41. LivePerson has a 52 week low of $16.98 and a 52 week high of $40.74.
LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, July 31st. The technology company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.11). The company had revenue of $71.00 million for the quarter, compared to analysts’ expectations of $70.16 million. LivePerson had a negative return on equity of 22.65% and a negative net margin of 21.09%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, analysts predict that LivePerson will post -0.72 EPS for the current fiscal year.
In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $27.71, for a total value of $447,904.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 4,352 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $27.08, for a total transaction of $117,852.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,266 shares of company stock valued at $1,728,075. 9.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in LivePerson by 269.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,048 shares of the technology company’s stock valued at $29,000 after purchasing an additional 764 shares during the last quarter. US Bancorp DE boosted its holdings in LivePerson by 111.2% in the 2nd quarter. US Bancorp DE now owns 2,203 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,160 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in LivePerson in the 2nd quarter valued at about $101,000. V Wealth Advisors LLC acquired a new position in LivePerson in the 2nd quarter valued at about $213,000. Finally, Ardsley Advisory Partners LP acquired a new position in LivePerson in the 2nd quarter valued at about $224,000. Institutional investors own 87.13% of the company’s stock.
LivePerson Company Profile
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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