LivePerson Inc. (LPSN) Stock Rating Upgraded by TheStreet
LivePerson Inc. (NASDAQ:LPSN) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Other equities research analysts also recently issued reports about the stock. Benchmark Co. upped their price objective on shares of LivePerson from $8.45 to $10.00 and gave the company a “buy” rating in a report on Friday, September 23rd. 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, November 15th. 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $9.35.
LivePerson (NASDAQ:LPSN) remained flat at $8.50 during midday trading on Friday. LivePerson has a 1-year low of $3.74 and a 1-year high of $8.85. The firm’s 50 day moving average is $8.43 and its 200-day moving average is $7.53. The company’s market cap is $492.75 million.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business had revenue of $54.50 million for the quarter, compared to analysts’ expectations of $54.51 million. LivePerson had a negative net margin of 15.46% and a negative return on equity of 5.91%. LivePerson’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. Equities research analysts anticipate that LivePerson will post ($0.07) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. bought a new position in LivePerson during the third quarter valued at $1,507,000. Credit Suisse AG boosted its position in LivePerson by 4.0% in the third quarter. Credit Suisse AG now owns 107,611 shares of the company’s stock valued at $905,000 after buying an additional 4,136 shares during the period. Jane Street Group LLC boosted its position in LivePerson by 103.0% in the third quarter. Jane Street Group LLC now owns 91,705 shares of the company’s stock valued at $771,000 after buying an additional 46,534 shares during the period. Panagora Asset Management Inc. boosted its position in LivePerson by 1,921.2% in the third quarter. Panagora Asset Management Inc. now owns 73,449 shares of the company’s stock valued at $618,000 after buying an additional 69,815 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in LivePerson during the third quarter valued at $314,000. Institutional investors own 71.39% of the company’s stock.
LivePerson Company Profile
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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