LivePerson, Inc. (NASDAQ:LPSN) has earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.26.

Several research firms recently weighed in on LPSN. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a research note on Tuesday, October 10th. Benchmark raised their price objective on LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a research note on Wednesday, November 1st. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, B. Riley began coverage on LivePerson in a research note on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective on the stock.

Shares of LivePerson (LPSN) traded up $0.30 during midday trading on Tuesday, hitting $12.55. The company had a trading volume of 454,500 shares, compared to its average volume of 363,056. LivePerson has a 52 week low of $5.43 and a 52 week high of $15.10. The company has a market capitalization of $747.03, a PE ratio of -29.88 and a beta of 1.19.

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

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

Hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $128,000. BlueCrest Capital Management Ltd bought a new stake in shares of LivePerson during the second quarter valued at approximately $131,000. Public Employees Retirement System of Ohio bought a new stake in shares of LivePerson during the third quarter valued at approximately $177,000. BNP Paribas Arbitrage SA increased its holdings in shares of LivePerson by 53.3% during the second quarter. BNP Paribas Arbitrage SA now owns 16,894 shares of the technology company’s stock valued at $186,000 after acquiring an additional 5,876 shares in the last quarter. Finally, Advisor Group Inc. bought a new stake in shares of LivePerson during the third quarter valued at approximately $189,000. Institutional investors and hedge funds own 75.79% of the company’s stock.

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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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