LivePerson, Inc. (NASDAQ:LPSN) Rating Reiterated by Northland Securities
LivePerson, Inc. (NASDAQ:LPSN)‘s stock had its “buy” rating reiterated by stock analysts at Northland Securities in a report issued on Tuesday. They presently have a $14.00 target price on the technology company’s stock. Northland Securities’ price target points to a potential upside of 22.27% from the stock’s previous close.
LPSN has been the topic of several other reports. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. TheStreet raised LivePerson from a “d+” rating to a “c” rating in a research report on Friday, May 26th. Roth Capital lifted their price objective on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Craig Hallum raised LivePerson from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.60 to $8.85 in a research report on Thursday, May 11th. Finally, Benchmark Co. lifted their price objective on LivePerson from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. LivePerson has an average rating of “Buy” and an average price target of $11.81.
Shares of LivePerson (NASDAQ:LPSN) traded up 0.88% on Tuesday, reaching $11.45. The company’s stock had a trading volume of 262,127 shares. The company’s market cap is $669.18 million. LivePerson has a 12-month low of $5.43 and a 12-month high of $12.00. The company’s 50 day moving average price is $11.41 and its 200 day moving average price is $8.53.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The business had revenue of $50.90 million for the quarter, compared to analysts’ expectations of $50.42 million. LivePerson had a negative return on equity of 9.65% and a negative net margin of 13.24%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. Analysts forecast that LivePerson will post $0.09 EPS for the current fiscal year.
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In related news, CEO Robert P. Locascio sold 2,892 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total value of $33,113.40. Following the completion of the transaction, the chief executive officer now directly owns 79,007 shares in the company, valued at approximately $904,630.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dustin Dean sold 47,292 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $9.83, for a total transaction of $464,880.36. Following the completion of the transaction, the executive vice president now owns 8,700 shares of the company’s stock, valued at $85,521. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,475 shares of company stock valued at $582,148. 11.70% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Comerica Bank raised its position in shares of LivePerson by 5.7% in the fourth quarter. Comerica Bank now owns 56,789 shares of the technology company’s stock worth $443,000 after buying an additional 3,076 shares during the last quarter. State Street Corp raised its position in shares of LivePerson by 8.5% in the fourth quarter. State Street Corp now owns 1,156,840 shares of the technology company’s stock worth $8,737,000 after buying an additional 90,589 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of LivePerson by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,730 shares of the technology company’s stock worth $217,000 after buying an additional 1,520 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of LivePerson during the fourth quarter worth $147,000. Finally, Louisiana State Employees Retirement System raised its position in shares of LivePerson by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the technology company’s stock worth $149,000 after buying an additional 300 shares during the last quarter. Institutional investors own 72.88% of the company’s stock.
LivePerson, Inc (Liveperson) is a provider of mobile and online business 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.
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