Somewhat Positive News Coverage Somewhat Unlikely to Impact LivePerson (LPSN) Stock Price
Media stories about LivePerson (NASDAQ:LPSN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LivePerson earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.6185928631135 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a research report on Wednesday, August 9th. Northland Securities set a $14.00 price target on LivePerson and gave the stock a “buy” rating in a research report on Saturday, June 24th. Finally, Benchmark Co. increased their price target on LivePerson from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.31.
LivePerson (NASDAQ:LPSN) opened at 13.65 on Tuesday. The company’s market cap is $803.99 million. LivePerson has a 52-week low of $5.43 and a 52-week high of $14.05. The stock’s 50 day moving average price is $12.97 and its 200-day moving average price is $9.91.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. LivePerson’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. On average, equities analysts predict that LivePerson will post $0.10 earnings per share for the current fiscal year.
In other LivePerson news, Director David Vaskevitch sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $13.05, for a total transaction of $652,500.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $456,750. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel Richard Murphy sold 2,628 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $30,090.60. Following the sale, 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. Insiders sold a total of 161,183 shares of company stock worth $1,922,719 in the last quarter. Company insiders own 11.70% of the company’s stock.
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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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