LivePerson, Inc. (LPSN) Receives Consensus Rating of “Buy” from Analysts
LivePerson, Inc. (NASDAQ:LPSN) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.76.
Several research firms have recently commented on LPSN. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a research note on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of LivePerson in a research note on Wednesday. Northland Securities reissued a “buy” rating and set a $15.00 price target on shares of LivePerson in a research note on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $17.50 price target (up from $15.00) on shares of LivePerson in a research note on Tuesday, October 10th.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The business had revenue of $54.49 million for the quarter, compared to analysts’ expectations of $54.55 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. LivePerson’s revenue was down .1% compared to the same quarter last year.
In other news, CEO Robert P. Locascio sold 2,572 shares of LivePerson stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $13.66, for a total transaction of $35,133.52. Following the transaction, the chief executive officer now directly owns 76,435 shares of the company’s stock, valued at $1,044,102.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Vaskevitch sold 50,000 shares of LivePerson stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $13.05, for a total transaction of $652,500.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $456,750. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,374 shares of company stock worth $796,159. Insiders own 11.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in LPSN. Bank of New York Mellon Corp boosted its position in shares of LivePerson by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 711,533 shares of the technology company’s stock worth $4,874,000 after purchasing an additional 21,592 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of LivePerson by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 283,722 shares of the technology company’s stock worth $1,943,000 after acquiring an additional 16,555 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of LivePerson by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock worth $1,053,000 after acquiring an additional 1,214 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of LivePerson by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 275,860 shares of the technology company’s stock worth $1,889,000 after acquiring an additional 7,731 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of LivePerson during the first quarter worth $187,000. 74.83% of the stock is currently owned by institutional investors.
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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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