LivePerson Inc. (LPSN) Upgraded to “Hold” at Zacks Investment Research
LivePerson Inc. (NASDAQ:LPSN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “LivePerson Inc. is a provider of technology that facilitates real-time sales and customer service for companies doing business on the Internet. The company is an application service provider and they offer the proprietary real-time interaction technology as an outsourced service. The service appears as a LivePerson-branded or custom-created icon on the clients’ Web sites. When an Internet user clicks on the icon, a pop-up dialogue window appears, enabling the clients to communicate directly with Internet users via text-based chat. “
Separately, Benchmark Co. increased their price target on shares of LivePerson from $8.45 to $10.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. LivePerson presently has an average rating of “Buy” and a consensus price target of $9.81.
LivePerson (NASDAQ:LPSN) opened at 8.38 on Wednesday. LivePerson has a 52-week low of $3.74 and a 52-week high of $8.50. The firm’s market cap is $484.18 million. The firm’s 50-day moving average price is $7.88 and its 200 day moving average price is $6.83.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. The firm earned $56.70 million during the quarter, compared to analysts’ expectations of $56.70 million. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. On average, equities analysts anticipate that LivePerson will post ($0.05) earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. RGM Capital LLC boosted its position in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,818,620 shares of the company’s stock worth $28,189,000 after buying an additional 210,433 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of LivePerson by 0.4% in the second quarter. BlackRock Fund Advisors now owns 3,404,097 shares of the company’s stock worth $21,582,000 after buying an additional 14,676 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of LivePerson by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,314,492 shares of the company’s stock worth $21,014,000 after buying an additional 1,657,246 shares in the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of LivePerson by 12.0% in the first quarter. Granahan Investment Management Inc. MA now owns 2,824,534 shares of the company’s stock worth $16,524,000 after buying an additional 303,410 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of LivePerson by 34.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 551,679 shares of the company’s stock worth $3,498,000 after buying an additional 141,946 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
LivePerson, Inc (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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