LivePerson Given New $10.00 Price Target at Benchmark Co. (LPSN)
Equities research analysts at Benchmark Co. reduced their price target on shares of LivePerson (NASDAQ:LPSN) from $12.00 to $10.00 in a research note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s price objective points to a potential upside of 4.28% from the company’s current price.
LivePerson (NASDAQ:LPSN) traded up 1.70% on Tuesday, hitting $9.59. The stock had a trading volume of 396,476 shares. LivePerson has a one year low of $8.03 and a one year high of $18.58. The stock has a 50-day moving average of $9.64 and a 200-day moving average of $10.51. The company has a market cap of $518.2 million and a P/E ratio of 785.83.
LivePerson (NASDAQ:LPSN) last released its earnings data on Wednesday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The company had revenue of $43.23 million for the quarter, compared to the consensus estimate of $42.86 million. During the same quarter last year, the company posted $0.05 earnings per share. LivePerson’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that LivePerson will post $0.19 EPS for the current fiscal year.
Separately, analysts at Sidoti downgraded shares of LivePerson (NASDAQ:LPSN) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.83.
LivePerson, Inc (NASDAQ:LPSN) is a provider of online engagement solutions offering a cloud-based platform, which enables businesses to proactively connect with consumers through chat, voice, and content delivery, across multiple channels and screens, including websites, social media, and mobile devices.
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