LivePerson Inc. (NASDAQ:LPSN)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $8.43 and last traded at $8.40, with a volume of 321,253 shares changing hands. The stock had previously closed at $8.19.

LPSN has been the subject of several recent research reports. Benchmark Co. raised LivePerson from a “hold” rating to a “buy” rating and raised their price objective for the company from $6.00 to $9.00 in a research report on Thursday, July 7th. Zacks Investment Research lowered LivePerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. LivePerson presently has a consensus rating of “Hold” and a consensus target price of $9.56.

The firm’s 50-day moving average is $7.73 and its 200 day moving average is $6.73. The company’s market capitalization is $485.34 million.

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LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.70 million. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. Analysts anticipate that LivePerson Inc. will post ($0.05) EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its position in LivePerson by 16.0% in the first quarter. Prudential Financial Inc. now owns 130,449 shares of the company’s stock valued at $763,000 after buying an additional 18,000 shares in the last quarter. Menta Capital LLC increased its position in LivePerson by 127.5% in the first quarter. Menta Capital LLC now owns 61,192 shares of the company’s stock valued at $358,000 after buying an additional 34,300 shares in the last quarter. Geode Capital Management LLC increased its position in LivePerson by 4.5% in the first quarter. Geode Capital Management LLC now owns 361,854 shares of the company’s stock valued at $2,116,000 after buying an additional 15,604 shares in the last quarter. Bogle Investment Management L P DE bought a new position in LivePerson during the first quarter valued at $1,017,000. Finally, RGM Capital LLC increased its position in LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,818,620 shares of the company’s stock valued at $28,189,000 after buying an additional 210,433 shares in the last quarter. 73.37% of the stock is currently owned by hedge funds and other institutional investors.

About LivePerson

LivePerson, Inc (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

5 Day Chart for NASDAQ:LPSN

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