Brokerages Set LivePerson, Inc. (LPSN) Price Target at $11.77
Shares of LivePerson, Inc. (NASDAQ:LPSN) have been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.77.
LPSN has been the subject of a number of analyst reports. Roth Capital boosted their target price on shares of LivePerson from $10.00 to $15.00 in a research note on Tuesday, June 20th. Benchmark Co. boosted their target price on shares of LivePerson from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, June 9th. Northland Securities set a $14.00 target price on shares of LivePerson and gave the company a “buy” rating in a research note on Saturday, June 24th. Finally, TheStreet raised shares of LivePerson from a “d+” rating to a “c” rating in a research note on Friday, May 26th.
Shares of LivePerson (NASDAQ:LPSN) traded up 0.74% during midday trading on Wednesday, hitting $13.70. 337,155 shares of the stock were exchanged. The firm has a 50-day moving average price of $13.17 and a 200-day moving average price of $10.08. LivePerson has a 12-month low of $5.43 and a 12-month high of $14.05. The company’s market cap is $806.93 million.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The business had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.33 million. During the same period last year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that LivePerson will post $0.10 EPS for the current year.
In other LivePerson news, Director David Vaskevitch sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $13.05, for a total transaction of $652,500.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $456,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dustin Dean sold 2,400 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $11.73, for a total transaction of $28,152.00. Following the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $832,677.51. The disclosure for this sale can be found here. Insiders have sold a total of 161,183 shares of company stock valued at $1,922,719 over the last three months. 11.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in shares of LivePerson by 79.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock worth $116,000 after buying an additional 4,700 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of LivePerson during the 2nd quarter worth about $128,000. BlueCrest Capital Management Ltd bought a new stake in shares of LivePerson during the 2nd quarter worth about $131,000. Municipal Employees Retirement System of Michigan raised its position in shares of LivePerson by 5.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock worth $138,000 after buying an additional 650 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of LivePerson by 1.7% during the 1st quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock worth $101,000 after buying an additional 243 shares in the last quarter. Institutional investors own 74.86% 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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