Somewhat Positive Press Coverage Somewhat Unlikely to Impact LivePerson (NASDAQ:LPSN) Share Price
News coverage about LivePerson (NASDAQ:LPSN) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. LivePerson earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 41.68738484108 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts recently issued reports on the company. Northland Securities restated a “buy” rating and set a $14.00 price objective on shares of LivePerson in a research report on Tuesday, July 25th. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. TheStreet upgraded LivePerson from a “d+” rating to a “c” rating in a research report on Friday, May 26th. Roth Capital boosted their price objective on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Finally, Craig Hallum upgraded LivePerson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $8.60 to $8.85 in a research report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. LivePerson has an average rating of “Buy” and a consensus price target of $12.14.
Shares of LivePerson (NASDAQ LPSN) traded up 0.78% on Friday, reaching $12.95. The company’s stock had a trading volume of 325,782 shares. The stock has a 50-day moving average of $12.26 and a 200 day moving average of $9.23. LivePerson has a 52 week low of $5.43 and a 52 week high of $14.05. The stock’s market capitalization is $762.76 million.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $54.10 million during the quarter, compared to the consensus estimate of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. On average, analysts expect that LivePerson will post $0.10 EPS for the current year.
In other LivePerson news, CEO Robert P. Locascio sold 2,892 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 79,007 shares in the company, valued at approximately $904,630.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dustin Dean sold 2,400 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $11.73, for a total value of $28,152.00. Following the completion of the transaction, the executive vice president now owns 70,987 shares in the company, valued at $832,677.51. The disclosure for this sale can be found here. Insiders sold a total of 110,183 shares of company stock worth $1,256,549 over the last quarter. Corporate insiders own 11.40% of the company’s stock.
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.
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