Zacks: Analysts Anticipate LivePerson, Inc. (LPSN) to Post $0.01 EPS

Equities analysts forecast that LivePerson, Inc. (NASDAQ:LPSN) will post earnings per share of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for LivePerson’s earnings. LivePerson posted earnings of ($0.04) per share in the same quarter last year, which indicates a positive year over year growth rate of 125%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that LivePerson will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.08. For the next year, analysts forecast that the business will report earnings of $0.11 per share, with EPS estimates ranging from $0.08 to $0.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for LivePerson.

A number of analysts have issued reports on LPSN shares. B. Riley started coverage on LivePerson in a research report on Thursday, December 14th. They issued a “buy” rating and a $16.50 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of LivePerson in a research report on Wednesday, November 1st. Oppenheimer reissued 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. LivePerson has a consensus rating of “Buy” and a consensus price target of $15.23.

In other news, CFO Daniel Richard Murphy sold 2,493 shares of LivePerson stock in a transaction 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 transaction, the chief financial officer now directly owns 82,185 shares in the company, valued at $941,018.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of LivePerson stock in a transaction 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 of the company’s stock, valued at $843,361.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,440 shares of company stock valued at $85,188. 11.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of LPSN. Piedmont Investment Advisors LLC purchased a new position in LivePerson during the second quarter worth about $128,000. BlueCrest Capital Management Ltd purchased a new position in LivePerson during the second quarter worth about $131,000. Miles Capital Inc. purchased a new position in LivePerson during the fourth quarter worth about $169,000. Public Employees Retirement System of Ohio purchased a new position in LivePerson during the third quarter worth about $177,000. Finally, Advisor Group Inc. purchased a new position in LivePerson during the third quarter worth about $189,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

LivePerson (LPSN) traded up $0.27 during trading hours 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. LivePerson has a twelve month low of $6.47 and a twelve month high of $15.10. The stock has a market capitalization of $666.68, a P/E ratio of -26.67 and a beta of 1.20.

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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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