LivePerson Inc. (LPSN) PT Set at $6.00 by Credit Suisse Group AG
LivePerson Inc. (NASDAQ:LPSN) has been assigned a $6.00 price objective by equities researchers at Credit Suisse Group AG in a report issued on Wednesday. The brokerage currently has a a “hold” rating on the stock. Credit Suisse Group AG’s price target indicates a potential downside of 25.47% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Benchmark Co. increased their price objective on LivePerson from $8.45 to $10.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $9.05.
Shares of LivePerson (NASDAQ:LPSN) opened at 8.05 on Wednesday. LivePerson has a 12-month low of $3.74 and a 12-month high of $8.74. The firm has a 50 day moving average price of $8.40 and a 200-day moving average price of $7.39. The company’s market cap is $465.11 million.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.03. LivePerson had a negative return on equity of 5.91% and a negative net margin of 15.46%. The firm earned $54.50 million during the quarter, compared to the consensus estimate of $54.51 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities analysts expect that LivePerson will post ($0.05) earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of LPSN. Nomura Holdings Inc. acquired a new stake in shares of LivePerson during the second quarter valued at approximately $107,000. SG Americas Securities LLC acquired a new stake in shares of LivePerson during the third quarter valued at approximately $109,000. Alambic Investment Management L.P. raised its stake in shares of LivePerson by 50.4% in the third quarter. Alambic Investment Management L.P. now owns 16,122 shares of the company’s stock valued at $136,000 after buying an additional 5,400 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of LivePerson by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock valued at $139,000 after buying an additional 100 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of LivePerson by 5.4% in the second quarter. Thrivent Financial for Lutherans now owns 23,760 shares of the company’s stock valued at $151,000 after buying an additional 1,210 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
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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