Brokerages Expect LivePerson, Inc. (LPSN) Will Announce Quarterly Sales of $56.61 Million
Brokerages expect LivePerson, Inc. (NASDAQ:LPSN) to post $56.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for LivePerson’s earnings, with estimates ranging from $56.40 million to $56.96 million. LivePerson posted sales of $56.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that LivePerson will report full-year sales of $56.61 million for the current year, with estimates ranging from $217.89 million to $218.45 million. For the next fiscal year, analysts forecast that the firm will report sales of $233.87 million per share, with estimates ranging from $230.07 million to $236.22 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow LivePerson.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $54.49 million during the quarter, compared to analysts’ expectations of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) EPS.
In other news, CFO Daniel Richard Murphy sold 2,300 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the completion of the sale, the chief financial officer now owns 84,678 shares in the company, valued at approximately $1,160,935.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert P. Locascio sold 2,572 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.66, for a total transaction of $35,133.52. Following the sale, the chief executive officer now owns 76,435 shares of the company’s stock, valued at approximately $1,044,102.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,374 shares of company stock valued at $129,989. 11.40% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of LPSN. State of Alaska Department of Revenue boosted its stake in LivePerson by 79.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock worth $116,000 after acquiring an additional 4,700 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in LivePerson during the 2nd quarter worth approximately $128,000. BlueCrest Capital Management Ltd bought a new position in LivePerson during the 2nd quarter worth approximately $131,000. Municipal Employees Retirement System of Michigan boosted its stake in LivePerson by 5.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock worth $138,000 after acquiring an additional 650 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in LivePerson during the 3rd quarter worth approximately $177,000. Institutional investors own 75.85% of the company’s stock.
LivePerson (NASDAQ LPSN) traded up $0.15 on Thursday, reaching $11.20. 815,700 shares of the company’s stock traded hands, compared to its average volume of 373,776. LivePerson has a 52-week low of $5.43 and a 52-week high of $15.10.
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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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