LivePerson’s (LPSN) Buy Rating Reiterated at Northland Securities
LivePerson, Inc. (NASDAQ:LPSN)‘s stock had its “buy” rating reissued by analysts at Northland Securities in a report issued on Friday. They currently have a $15.00 target price on the technology company’s stock. Northland Securities’ target price would suggest a potential upside of 11.94% from the company’s current price.
Several other analysts also recently commented on LPSN. Zacks Investment Research raised LivePerson from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of LivePerson in a research note on Wednesday, August 9th. Roth Capital raised their price objective on LivePerson from $10.00 to $15.00 in a research note on Tuesday, June 20th. Finally, Benchmark Co. raised their price objective on LivePerson from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. LivePerson has an average rating of “Buy” and an average price target of $12.31.
Shares of LivePerson (NASDAQ:LPSN) traded up 2.052% during midday trading on Friday, hitting $13.675. The stock had a trading volume of 276,034 shares. The stock’s market capitalization is $805.46 million. The stock has a 50 day moving average price of $12.65 and a 200-day moving average price of $9.62. 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 for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. Equities research analysts anticipate that LivePerson will post $0.10 earnings per share for the current year.
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In other LivePerson news, CEO Robert P. Locascio sold 2,892 shares of LivePerson stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $33,113.40. Following the sale, the chief executive officer now owns 79,007 shares of the company’s stock, valued at approximately $904,630.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel Richard Murphy sold 2,628 shares of LivePerson stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total value of $30,090.60. Following the completion of the sale, the chief financial officer now directly owns 86,978 shares in the company, valued at approximately $995,898.10. The disclosure for this sale can be found here. Insiders sold a total of 160,183 shares of company stock worth $1,909,049 in the last three months. Company insiders own 11.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. RGM Capital LLC boosted its position in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,926,756 shares of the technology company’s stock valued at $33,748,000 after buying an additional 216,054 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of LivePerson by 2.7% in the second quarter. Vanguard Group Inc. now owns 4,851,914 shares of the technology company’s stock valued at $53,371,000 after buying an additional 125,629 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of LivePerson by 18.8% in the second quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock valued at $23,123,000 after buying an additional 332,300 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of LivePerson by 59.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,873,455 shares of the technology company’s stock valued at $20,608,000 after buying an additional 699,344 shares during the last quarter. Finally, State Street Corp boosted its position in shares of LivePerson by 6.1% in the second quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock valued at $14,219,000 after buying an additional 74,645 shares during the last quarter. 74.86% of the stock is currently owned by hedge funds and other institutional investors.
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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