LivePerson, Inc. (LPSN) Receives Average Recommendation of “Buy” from Analysts

Shares of LivePerson, Inc. (NASDAQ:LPSN) have earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.26.

A number of equities analysts have issued reports on LPSN shares. B. Riley started coverage on LivePerson in a research report on Thursday, December 14th. They set a “buy” rating and a $16.50 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of LivePerson in a research report on Wednesday, November 1st. Oppenheimer reiterated a “hold” rating on shares of LivePerson in a research report on Friday, January 26th. Finally, Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th.

In other news, CFO Daniel Richard Murphy sold 2,493 shares of the firm’s 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 transaction, the chief financial officer now owns 82,185 shares in the company, valued at $941,018.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert P. Locascio sold 2,779 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total value of $31,819.55. Following the completion of the transaction, the chief executive officer now owns 73,656 shares in the company, valued at approximately $843,361.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,440 shares of company stock worth $85,188. Company insiders own 11.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of LivePerson by 49.6% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock valued at $37,989,000 after purchasing an additional 930,164 shares during the last quarter. Castleark Management LLC acquired a new stake in shares of LivePerson in the second quarter valued at approximately $4,775,000. BlackRock Inc. increased its holdings in shares of LivePerson by 4.6% in the fourth quarter. BlackRock Inc. now owns 6,989,338 shares of the technology company’s stock valued at $80,377,000 after purchasing an additional 310,088 shares during the last quarter. Cortina Asset Management LLC increased its holdings in shares of LivePerson by 124.7% in the third quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock valued at $6,501,000 after purchasing an additional 266,293 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of LivePerson by 416.6% in the third quarter. Allianz Asset Management GmbH now owns 277,059 shares of the technology company’s stock valued at $3,754,000 after purchasing an additional 223,429 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Shares of LivePerson (LPSN) traded up $0.27 during mid-day trading on Friday, reaching $11.20. The company’s stock had a trading volume of 465,637 shares, compared to its average volume of 366,985. The stock has a market capitalization of $650.30, a P/E ratio of -26.67 and a beta of 1.20. LivePerson has a 52 week low of $6.47 and a 52 week 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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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