Oppenheimer Holdings, Inc. reiterated their hold rating on shares of LivePerson, Inc. (NASDAQ:LPSN) in a research note released on Wednesday.

A number of other research firms have also issued reports on LPSN. Zacks Investment Research upgraded LivePerson from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Wednesday, August 2nd. Northland Securities set a $14.00 price target on LivePerson and gave the company a buy rating in a research report on Saturday, June 24th. Roth Capital upped their price target on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Finally, Benchmark Co. upped their price target on LivePerson from $13.00 to $14.00 and gave the company a buy rating in a research report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. LivePerson currently has a consensus rating of Buy and an average target price of $12.14.

LivePerson (NASDAQ LPSN) remained flat at $12.80 during trading on Wednesday. 354,701 shares of the company were exchanged. The firm’s market cap is $753.92 million. The stock’s 50 day moving average is $12.03 and its 200-day moving average is $9.03. LivePerson has a 52-week low of $5.43 and a 52-week high of $14.05.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. LivePerson had a negative net margin of 13.93% and a negative return on equity of 22.17%. LivePerson’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. On average, analysts anticipate that LivePerson will post $0.10 EPS for the current fiscal year.

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In related news, CFO Daniel Richard Murphy sold 2,628 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $30,090.60. Following the completion of the transaction, the chief financial officer now directly owns 86,978 shares in the company, valued at $995,898.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert P. Locascio sold 2,892 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $33,113.40. Following the completion of the transaction, the chief executive officer now owns 79,007 shares of the company’s stock, valued at $904,630.15. The disclosure for this sale can be found here. Insiders sold 157,475 shares of company stock valued at $1,721,430 over the last quarter. 11.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LPSN. Eqis Capital Management Inc. raised its position in shares of LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock valued at $101,000 after buying an additional 243 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of LivePerson during the first quarter valued at $102,000. Acrospire Investment Management LLC raised its position in shares of LivePerson by 65.5% in the first quarter. Acrospire Investment Management LLC now owns 16,055 shares of the technology company’s stock valued at $110,000 after buying an additional 6,356 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of LivePerson by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock valued at $116,000 after buying an additional 4,700 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of LivePerson by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after buying an additional 650 shares during the last quarter. Institutional investors own 74.00% of the company’s stock.

LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business 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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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