LivePerson (LPSN) Coverage Initiated by Analysts at B. Riley

Analysts at B. Riley assumed coverage on shares of LivePerson (NASDAQ:LPSN) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set a “buy” rating and a $16.50 price target on the technology company’s stock. B. Riley’s target price suggests a potential upside of 39.83% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on LPSN. Northland Securities reissued a “buy” rating and set a $15.00 price target on shares of LivePerson in a research report on Friday, September 1st. Needham & Company LLC started coverage on shares of LivePerson in a research report on Thursday, September 21st. They set a “buy” rating and a $16.00 price target for the company. Benchmark increased their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $17.50 price target (up previously from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.23.

Shares of LivePerson (NASDAQ:LPSN) traded up $0.75 during trading on Thursday, hitting $11.80. 740,472 shares of the stock were exchanged, compared to its average volume of 375,145. LivePerson has a 12 month low of $5.43 and a 12 month high of $15.10.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The company had revenue of $54.49 million during the quarter, compared to analysts’ expectations of $54.55 million. During the same quarter in the prior year, the company earned ($0.02) EPS. The firm’s revenue was down .1% on a year-over-year basis. analysts forecast that LivePerson will post -0.02 earnings per share for the current fiscal year.

In other LivePerson news, CEO Robert P. Locascio sold 2,572 shares of the 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 completion of the sale, the chief executive officer now owns 76,435 shares of the company’s stock, valued at approximately $1,044,102.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel Richard Murphy sold 2,300 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 84,678 shares of the company’s stock, valued at approximately $1,160,935.38. The disclosure for this sale can be found here. Insiders have sold a total of 9,374 shares of company stock valued at $129,989 in the last three months. 11.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of LivePerson in the 3rd quarter worth about $177,000. GSA Capital Partners LLP lifted its position in shares of LivePerson by 27.4% in the 3rd quarter. GSA Capital Partners LLP now owns 45,341 shares of the technology company’s stock worth $614,000 after purchasing an additional 9,765 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of LivePerson in the 3rd quarter worth about $254,000. Granahan Investment Management Inc. MA lifted its position in shares of LivePerson by 1.4% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 2,695,382 shares of the technology company’s stock worth $36,522,000 after purchasing an additional 37,677 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in shares of LivePerson in the 3rd quarter worth about $730,000. 75.85% of the stock is owned by hedge funds and other institutional investors.

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LivePerson Company Profile

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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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