Brokerages forecast that LivePerson, Inc. (NASDAQ:LPSN) will post sales of $56.60 million for the current quarter, Zacks reports. Four analysts have provided estimates for LivePerson’s earnings. The highest sales estimate is $56.96 million and the lowest is $56.40 million. LivePerson posted sales of $56.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, February 20th.
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 fiscal year, analysts anticipate that the company will post sales of $233.87 million per share, with estimates ranging from $230.07 million to $236.22 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover LivePerson.
A number of analysts have recently commented on LPSN shares. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of LivePerson in a research note on Wednesday, November 1st. Oppenheimer reissued a “hold” rating on shares of LivePerson in a research note on Friday, January 26th. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, B. Riley started coverage on LivePerson in a research note on Thursday, December 14th. They set a “buy” rating and a $16.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $15.23.
In other news, CFO Daniel Richard Murphy sold 2,493 shares of LivePerson stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $28,544.85. Following the sale, the chief financial officer now directly owns 82,185 shares of the company’s stock, valued at $941,018.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of LivePerson stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total value of $31,819.55. Following the sale, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The disclosure for this sale can be found here. Insiders have sold 7,440 shares of company stock worth $85,188 over the last three months. Insiders own 11.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of LPSN. Piedmont Investment Advisors LLC acquired a new position in shares of LivePerson in the second quarter worth approximately $128,000. BlueCrest Capital Management Ltd acquired a new position in shares of LivePerson in the second quarter worth approximately $131,000. Miles Capital Inc. acquired a new position in shares of LivePerson in the fourth quarter worth approximately $169,000. Public Employees Retirement System of Ohio acquired a new position in shares of LivePerson in the third quarter worth approximately $177,000. Finally, Advisor Group Inc. acquired a new position in shares of LivePerson in the third quarter worth approximately $189,000. 76.52% of the stock is currently owned by institutional investors.
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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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