Shares of LivePerson, Inc. (NASDAQ:LPSN) have been given an average recommendation of “Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.76.

Several research firms have weighed in on LPSN. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a report on Wednesday, August 9th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $17.50 target price (up previously from $15.00) on shares of LivePerson in a report on Tuesday. Northland Securities set a $14.00 target price on LivePerson and gave the company a “buy” rating in a report on Saturday, June 24th. Finally, Needham & Company LLC began coverage on LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 target price on the stock.

In related news, Director David Vaskevitch sold 50,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $456,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dustin Dean sold 2,500 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total value of $35,875.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,774 shares of company stock worth $1,963,593. Corporate insiders own 11.70% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in LivePerson by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the technology company’s stock worth $241,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in LivePerson by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 27,992 shares of the technology company’s stock worth $308,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its stake in LivePerson by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 39,257 shares of the technology company’s stock worth $432,000 after buying an additional 644 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in LivePerson by 5.4% in 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 during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in LivePerson by 0.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock worth $1,053,000 after buying an additional 1,214 shares during the last quarter. 74.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LivePerson (NASDAQ:LPSN) traded down 0.168% during midday trading on Friday, reaching $14.875. 249,743 shares of the company’s stock traded hands. The company’s market capitalization is $876.14 million. The stock’s 50 day moving average is $13.63 and its 200-day moving average is $11.01. LivePerson has a 52 week low of $5.43 and a 52 week high of $15.10.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share 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 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 firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. On average, analysts forecast that LivePerson will post $0.10 earnings per share for the current fiscal year.

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About LivePerson

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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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