Analysts expect that LivePerson, Inc. (NASDAQ:LPSN) will report $56.60 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for LivePerson’s earnings, with the highest sales estimate coming in at $56.96 million and the lowest estimate coming in at $56.40 million. LivePerson reported sales of $56.12 million in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The company is scheduled to announce its next earnings report on Wednesday, February 14th.

On average, analysts expect that LivePerson will report full-year sales of $56.60 million for the current financial year, with estimates ranging from $217.89 million to $218.45 million. For the next year, analysts expect that the firm will post 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 an average based on a survey of sell-side research firms that cover LivePerson.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $54.49 million for the quarter, compared to analyst estimates of $54.55 million. LivePerson had a negative return on equity of 4.41% and a negative net margin of 11.07%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Needham & Company LLC assumed coverage on LivePerson in a research report on Thursday, September 21st. They set a “buy” rating and a $16.00 target price for the company. B. Riley assumed coverage on LivePerson in a research report on Thursday, December 14th. They set a “buy” rating and a $16.50 target price for the company. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $17.50 target price (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Finally, Benchmark upped their target price on LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $15.23.

In related news, CFO Daniel Richard Murphy sold 2,493 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $28,544.85. Following the completion of the sale, the chief financial officer now directly owns 82,185 shares in the company, valued at approximately $941,018.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert P. Locascio sold 2,779 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $31,819.55. Following the sale, the chief executive officer now owns 73,656 shares of the company’s stock, valued at $843,361.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,440 shares of company stock valued at $85,188. Corporate insiders own 11.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in LPSN. Gilder Gagnon Howe & Co. LLC lifted its position in shares of LivePerson by 49.6% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock worth $37,989,000 after buying an additional 930,164 shares during the last quarter. Castleark Management LLC acquired a new position in LivePerson in the 2nd quarter worth about $4,775,000. EAM Investors LLC acquired a new position in LivePerson in the 2nd quarter worth about $4,207,000. Renaissance Technologies LLC increased its holdings in LivePerson by 18.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock worth $23,123,000 after purchasing an additional 332,300 shares in the last quarter. Finally, Cortina Asset Management LLC increased its holdings in LivePerson by 124.7% in the 3rd quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock worth $6,501,000 after purchasing an additional 266,293 shares in the last quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.

LivePerson (LPSN) traded down $0.05 during trading hours on Wednesday, hitting $12.00. The stock had a trading volume of 259,000 shares, compared to its average volume of 375,383. The company has a market cap of $714.29, a P/E ratio of -27.91 and a beta of 1.19. LivePerson has a 1 year low of $5.43 and a 1 year high of $15.10.

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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.

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