LivePerson (NASDAQ:LPSN) Issues Quarterly Earnings Results

LivePerson (NASDAQ:LPSN) announced its quarterly earnings data on Wednesday. The technology company reported ($0.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.06, FiscalAI reports. The company had revenue of $56.96 million for the quarter, compared to the consensus estimate of $53.74 million.

LivePerson Stock Down 1.5%

LPSN stock traded down $0.03 during midday trading on Thursday, hitting $1.91. The company’s stock had a trading volume of 20,388 shares, compared to its average volume of 137,528. The firm has a market capitalization of $23.26 million, a P/E ratio of -0.19 and a beta of 1.34. The firm has a 50-day simple moving average of $2.24 and a 200-day simple moving average of $2.87. LivePerson has a 52-week low of $1.80 and a 52-week high of $21.60.

Hedge Funds Weigh In On LivePerson

Several large investors have recently bought and sold shares of LPSN. Raymond James Financial Inc. lifted its position in LivePerson by 31.3% during the 3rd quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company’s stock worth $33,000 after acquiring an additional 13,502 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in LivePerson during the 4th quarter valued at approximately $65,000. Quadrature Capital Ltd acquired a new stake in LivePerson in the fourth quarter worth $253,000. Aequim Alternative Investments LP bought a new stake in LivePerson in the fourth quarter valued at $469,000. Finally, Marshall Wace LLP acquired a new position in shares of LivePerson during the fourth quarter valued at $788,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LivePerson in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

LivePerson Company Profile

LivePerson, Inc is a technology company that develops conversational commerce and customer engagement software powered by artificial intelligence. Its platform enables businesses to connect with consumers through real-time messaging channels, transforming customer support and sales operations into interactive experiences. The company’s solutions are designed to reduce friction, boost consumer satisfaction and drive higher conversion rates by merging automated and human-assisted interactions.

The company’s flagship offering, the LiveEngage platform, provides enterprise-grade tools for managing live chat, chatbots and AI-driven virtual assistants across multiple channels.