LivePerson Sees Significant Decrease in Short Interest (LPSN)
Shares of LivePerson (NASDAQ:LPSN) were the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 2,053,392 shares, a drop of 19.9% from the April 15th total of 2,562,425 shares, Stock Ratings Network reports. Currently, 4.2% of the company’s shares are sold short. Based on an average daily trading volume, of 384,975 shares, the short-interest ratio is presently 5.3 days.
A number of research firms have recently commented on LPSN. Analysts at Zacks upgraded shares of LivePerson from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $10.50 price target on the stock. Separately, analysts at Wedbush cut their price target on shares of LivePerson from $14.00 to $10.00 in a research note on Friday, May 9th. Finally, analysts at Maxim Group cut their price target on shares of LivePerson from $18.00 to $16.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $12.40.
Shares of LivePerson (NASDAQ:LPSN) opened at 9.60 on Wednesday. LivePerson has a 52 week low of $8.57 and a 52 week high of $15.24. The stock has a 50-day moving average of $10.27 and a 200-day moving average of $12.17. The company’s market cap is $520.3 million.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $47.80 million for the quarter, compared to the consensus estimate of $47.14 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that LivePerson will post $0.23 earnings per share for the current fiscal year.
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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