Wall Street analysts expect that LivePerson, Inc. (NASDAQ:LPSN) will report $54.58 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for LivePerson’s earnings. The lowest sales estimate is $54.40 million and the highest is $54.89 million. LivePerson posted sales of $54.52 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that LivePerson will report full year sales of $54.58 million for the current year, with estimates ranging from $214.49 million to $216.00 million. For the next fiscal year, analysts expect that the company will report sales of $231.78 million per share, with estimates ranging from $227.09 million to $236.34 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for LivePerson.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The business had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.33 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis.

Several research analysts have recently weighed in on the company. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Northland Securities set a $14.00 price objective on LivePerson and gave the stock a “buy” rating in a research report on Saturday, June 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a research report on Wednesday, August 9th. Benchmark Co. lifted their price objective on LivePerson from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 15th. Finally, Roth Capital lifted their price objective on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.31.

In other news, EVP Dustin Dean sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $11.73, for a total value of $28,152.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $832,677.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Vaskevitch sold 14,265 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $11.52, for a total value of $164,332.80. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $230,400. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,400 shares of company stock valued at $1,833,604. Corporate insiders own 11.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LPSN. Gilder Gagnon Howe & Co. LLC grew its stake in shares of LivePerson by 59.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,873,455 shares of the technology company’s stock valued at $20,608,000 after buying an additional 699,344 shares during the period. Pier Capital LLC acquired a new stake in shares of LivePerson in the 2nd quarter valued at about $5,856,000. Castleark Management LLC acquired a new stake in shares of LivePerson in the 2nd quarter valued at about $4,775,000. EAM Investors LLC acquired a new stake in shares of LivePerson in the 2nd quarter valued at about $4,207,000. Finally, Renaissance Technologies LLC grew its stake in shares of LivePerson by 18.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock valued at $23,123,000 after buying an additional 332,300 shares during the period. Institutional investors own 74.86% of the company’s stock.

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LivePerson (NASDAQ LPSN) opened at 13.65 on Thursday. LivePerson has a 1-year low of $5.43 and a 1-year high of $14.05. The firm’s market capitalization is $803.99 million. The firm has a 50-day moving average price of $13.19 and a 200-day moving average price of $10.21.

About LivePerson

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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