Zacks Downgrades LivePerson to Neutral (LPSN)
LivePerson (NASDAQ:LPSN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Thursday, Analyst Ratings Network reports. They currently have a $15.60 target price on the stock. Zacks‘ price objective points to a potential upside of 5.26% from the stock’s previous close.
Shares of LivePerson (NASDAQ:LPSN) traded down 1.42% on Thursday, hitting $14.61. The stock had a trading volume of 358,020 shares. LivePerson has a 52 week low of $8.03 and a 52 week high of $15.19. The stock’s 50-day moving average is $12.35 and its 200-day moving average is $10.29. The company’s market cap is $790.9 million.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $45.20 million for the quarter, compared to the consensus estimate of $44.48 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 23rd. They now have a $17.00 price target on the stock. Analysts at Wedbush raised their price target on shares of LivePerson from $10.00 to $14.00 in a research note to investors on Thursday, November 7th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.99.
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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