LivePerson Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:LPSN)
Shares of LivePerson (NASDAQ:LPSN) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Analyst RN reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.00.
A number of research firms have recently commented on LPSN. Analysts at Craig Hallum upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $15.00 price target on the stock, up previously from $12.00. Separately, analysts at Credit Suisse upgraded shares of LivePerson from an “underperform” rating to a “neutral” rating in a research note on Thursday. Finally, analysts at Zacks downgraded shares of LivePerson from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $11.50 price target on the stock.
Shares of LivePerson (NASDAQ:LPSN) traded up 0.25% during mid-day trading on Friday, hitting $11.81. 186,595 shares of the company’s stock traded hands. LivePerson has a 1-year low of $8.84 and a 1-year high of $15.24. The stock has a 50-day moving average of $9.8 and a 200-day moving average of $11.21. The company’s market cap is $640.0 million.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.01. The company had revenue of $51.10 million for the quarter, compared to the consensus estimate of $49.50 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that LivePerson will post $0.23 EPS 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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