Analysts Set LivePerson, Inc. (NASDAQ:LPSN) Target Price at $3.08

Shares of LivePerson, Inc. (NASDAQ:LPSN) have received a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $2.58.

A number of analysts have recently issued reports on the stock. Loop Capital cut their target price on shares of LivePerson from $3.00 to $1.00 and set a “hold” rating for the company in a research note on Tuesday. Roth Mkm cut shares of LivePerson from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.00 to $2.00 in a research note on Thursday, February 29th. Roth Capital cut shares of LivePerson from a “buy” rating to a “neutral” rating in a research note on Thursday, February 29th. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Barclays dropped their price objective on shares of LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a research note on Thursday, February 29th.

LivePerson Stock Performance

Shares of LPSN stock opened at $0.50 on Friday. The company has a fifty day moving average price of $1.26 and a two-hundred day moving average price of $2.43. The company has a debt-to-equity ratio of 10.63, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $43.62 million, a P/E ratio of -0.39 and a beta of 1.50. LivePerson has a one year low of $0.45 and a one year high of $6.41.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The company had revenue of $95.47 million for the quarter, compared to analyst estimates of $95.54 million. LivePerson had a negative return on equity of 47.71% and a negative net margin of 24.99%. As a group, equities analysts predict that LivePerson will post -0.68 EPS for the current year.

Insiders Place Their Bets

In other LivePerson news, EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $0.51, for a total value of $33,572.28. Following the completion of the sale, the executive vice president now owns 120,047 shares in the company, valued at approximately $61,223.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other LivePerson news, EVP Alex Kroman sold 65,828 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $0.51, for a total value of $33,572.28. Following the transaction, the executive vice president now directly owns 120,047 shares of the company’s stock, valued at approximately $61,223.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William Wesemann bought 100,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of $1.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 374,835 shares in the company, valued at $374,835. The disclosure for this purchase can be found here. Insiders sold 73,662 shares of company stock worth $40,411 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LivePerson

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in LivePerson by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 237,258 shares of the technology company’s stock valued at $923,000 after buying an additional 5,151 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of LivePerson by 54.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after purchasing an additional 5,342 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of LivePerson by 2.6% during the 4th quarter. Advisory Services Network LLC now owns 215,540 shares of the technology company’s stock valued at $817,000 after purchasing an additional 5,455 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of LivePerson by 32.2% during the 3rd quarter. SG Americas Securities LLC now owns 26,271 shares of the technology company’s stock valued at $102,000 after purchasing an additional 6,399 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of LivePerson by 5.1% during the 3rd quarter. Swiss National Bank now owns 156,200 shares of the technology company’s stock valued at $608,000 after purchasing an additional 7,600 shares during the last quarter. 79.83% of the stock is owned by institutional investors.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.