FY2016 Earnings Estimate for LivePerson Inc. (LPSN) Issued By Roth Capital
LivePerson Inc. (NASDAQ:LPSN) – Roth Capital raised their FY2016 earnings per share (EPS) estimates for shares of LivePerson in a research note issued to investors on Wednesday. Roth Capital analyst R. Baldry now forecasts that the firm will post earnings per share of ($0.20) for the year, up from their previous estimate of ($0.24). Roth Capital also issued estimates for LivePerson’s Q4 2016 earnings at ($0.02) EPS, Q1 2017 earnings at ($0.01) EPS, Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.01 EPS and FY2017 earnings at $0.00 EPS.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.03. The company earned $54.50 million during the quarter, compared to the consensus estimate of $54.51 million. LivePerson had a negative net margin of 15.46% and a negative return on equity of 5.91%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share.
A number of other analysts also recently issued reports on LPSN. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Tuesday. 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 report on Friday, September 23rd. Finally, Credit Suisse Group AG set a $6.00 price target on shares of LivePerson and gave the stock a “hold” rating in a report on Wednesday, November 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $9.35.
Shares of LivePerson (NASDAQ:LPSN) opened at 8.60 on Monday. LivePerson has a one year low of $3.74 and a one year high of $8.85. The company’s market capitalization is $498.54 million. The firm has a 50-day moving average of $8.42 and a 200-day moving average of $7.46.
Institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in LivePerson by 16.0% in the first quarter. Prudential Financial Inc. now owns 130,449 shares of the company’s stock worth $763,000 after buying an additional 18,000 shares in the last quarter. Acadian Asset Management LLC bought a new position in LivePerson during the second quarter worth $932,000. Louisiana State Employees Retirement System boosted its position in LivePerson by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock worth $139,000 after buying an additional 100 shares in the last quarter. Strs Ohio boosted its position in LivePerson by 31.4% in the second quarter. Strs Ohio now owns 68,700 shares of the company’s stock worth $435,000 after buying an additional 16,400 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in LivePerson during the second quarter worth $515,000. Institutional investors own 74.99% 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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