Other equities research analysts have also recently issued research reports about the stock. KeyCorp lifted their target price on shares of LivePerson from $39.00 to $45.00 and gave the stock an overweight rating in a research note on Tuesday, August 20th. Craig Hallum lifted their price target on LivePerson from $34.00 to $45.00 and gave the stock a buy rating in a report on Thursday, August 1st. Jefferies Financial Group lifted their price target on LivePerson to $45.00 and gave the stock a buy rating in a report on Friday, August 9th. Benchmark reiterated a buy rating and set a $40.00 price target (up previously from $34.00) on shares of LivePerson in a report on Wednesday, July 31st. Finally, Zacks Investment Research lowered LivePerson from a buy rating to a sell rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $36.13.
LivePerson stock traded down $0.74 during trading on Tuesday, reaching $37.11. The company had a trading volume of 17,173 shares, compared to its average volume of 686,248. The firm’s 50-day simple moving average is $37.20 and its 200 day simple moving average is $30.83. LivePerson has a 1-year low of $16.98 and a 1-year high of $41.00. The firm has a market capitalization of $2.38 billion, a PE ratio of -161.09 and a beta of 1.06. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.41 and a current ratio of 2.41.
LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.11). LivePerson had a negative return on equity of 22.65% and a negative net margin of 21.09%. The business had revenue of $71.00 million for the quarter, compared to analyst estimates of $70.16 million. During the same period last year, the firm earned $0.01 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts anticipate that LivePerson will post -0.72 EPS for the current year.
In related news, Director Kevin Lavan sold 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.40, for a total value of $486,000.00. Following the sale, the director now directly owns 21,000 shares in the company, valued at approximately $680,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Monica L. Greenberg sold 23,601 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $27.29, for a total transaction of $644,071.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,750 shares of company stock worth $1,162,318. 9.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in LivePerson by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock worth $656,000 after purchasing an additional 408 shares during the period. First Trust Advisors LP increased its stake in LivePerson by 89.3% during the second quarter. First Trust Advisors LP now owns 109,608 shares of the technology company’s stock worth $3,073,000 after purchasing an additional 51,712 shares during the period. BNP Paribas Arbitrage SA increased its stake in LivePerson by 787.9% during the first quarter. BNP Paribas Arbitrage SA now owns 13,540 shares of the technology company’s stock worth $393,000 after purchasing an additional 12,015 shares during the period. New York State Common Retirement Fund increased its stake in LivePerson by 38.3% during the first quarter. New York State Common Retirement Fund now owns 491,888 shares of the technology company’s stock worth $14,275,000 after purchasing an additional 136,293 shares during the period. Finally, Van ECK Associates Corp increased its stake in LivePerson by 12.0% during the second quarter. Van ECK Associates Corp now owns 20,830 shares of the technology company’s stock worth $584,000 after purchasing an additional 2,239 shares during the period. Hedge funds and other institutional investors own 87.71% 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.
Read More: What is the Current Ratio?
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.