LivePerson, Inc. (LPSN) Expected to Announce Earnings of $0.05 Per Share
Analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings per share (EPS) of $0.05 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for LivePerson’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. LivePerson reported earnings per share of ($0.05) in the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The business is expected to report its next quarterly earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that LivePerson will report full-year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.09 to $0.11. For the next fiscal year, analysts forecast that the firm will post earnings of $0.14 per share, with EPS estimates ranging from $0.11 to $0.16. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover LivePerson.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $54.10 million for 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 revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) earnings per share.
Several equities analysts have recently issued reports on LPSN shares. Northland Securities restated a “buy” rating and set a $14.00 price objective on shares of LivePerson in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. TheStreet upgraded shares of LivePerson from a “d+” rating to a “c” rating in a report on Friday, May 26th. Roth Capital upped their price objective on shares of LivePerson from $10.00 to $15.00 in a report on Tuesday, June 20th. Finally, Craig Hallum upgraded shares of LivePerson from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.60 to $8.85 in a report on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. LivePerson currently has a consensus rating of “Buy” and a consensus target price of $12.31.
In related news, CEO Robert P. Locascio sold 2,892 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total value of $33,113.40. Following the transaction, the chief executive officer now owns 79,007 shares in the company, valued at approximately $904,630.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $30,090.60. Following the completion of the transaction, the chief financial officer now owns 86,978 shares in the company, valued at approximately $995,898.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,183 shares of company stock worth $1,909,049. 11.70% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of LPSN. Eqis Capital Management Inc. boosted its position in LivePerson by 1.7% in the 1st quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock worth $101,000 after purchasing an additional 243 shares in the last quarter. OppenheimerFunds Inc. boosted its position in LivePerson by 38.1% in the 1st quarter. OppenheimerFunds Inc. now owns 24,653 shares of the technology company’s stock worth $169,000 after purchasing an additional 6,795 shares in the last quarter. Renaissance Technologies LLC boosted its position in LivePerson by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,769,800 shares of the technology company’s stock worth $12,123,000 after purchasing an additional 51,700 shares in the last quarter. Comerica Bank boosted its position in LivePerson by 3.7% in the 1st quarter. Comerica Bank now owns 58,893 shares of the technology company’s stock worth $422,000 after purchasing an additional 2,104 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in LivePerson in the 1st quarter worth approximately $187,000. Institutional investors own 74.86% of the company’s stock.
LivePerson (NASDAQ LPSN) traded up 1.49% during mid-day trading on Friday, reaching $13.60. 446,071 shares of the company’s stock were exchanged. The firm’s market capitalization is $801.04 million. LivePerson has a one year low of $5.43 and a one year high of $14.05. The company’s 50-day moving average is $12.71 and its 200 day moving average is $9.66.
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.
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