Stock analysts at Berenberg Bank assumed coverage on shares of LivePerson (NASDAQ:LPSN) in a report issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Needham & Company LLC restated a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of LivePerson in a research note on Friday, May 3rd. BidaskClub downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Jefferies Financial Group started coverage on shares of LivePerson in a research note on Monday, April 1st. They set a “buy” rating and a $36.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on shares of LivePerson in a research note on Monday, March 25th. They set an “overweight” rating and a $39.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.77.
Shares of LivePerson stock opened at $28.11 on Thursday. The firm has a market capitalization of $1.86 billion, a PE ratio of -122.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.75 and a current ratio of 2.75. LivePerson has a 1 year low of $16.98 and a 1 year high of $30.50.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $65.72 million during the quarter, compared to analyst estimates of $64.91 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. On average, sell-side analysts anticipate that LivePerson will post -0.5 earnings per share for the current year.
In other news, EVP Monica L. Greenberg sold 1,424 shares of the business’s stock in a transaction on Saturday, March 16th. The shares were sold at an average price of $28.82, for a total value of $41,039.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert P. Locascio sold 2,373 shares of the business’s stock in a transaction on Saturday, March 16th. The shares were sold at an average price of $28.82, for a total transaction of $68,389.86. The disclosure for this sale can be found here. Insiders have sold 25,563 shares of company stock worth $717,974 in the last quarter. Corporate insiders own 11.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LivePerson by 26.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock valued at $92,000 after purchasing an additional 1,029 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of LivePerson by 818.5% in the 4th quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock valued at $100,000 after purchasing an additional 4,690 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of LivePerson in the 1st quarter valued at $235,000. Virtu Financial LLC acquired a new stake in shares of LivePerson in the 1st quarter valued at $236,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of LivePerson in the 1st quarter valued at $242,000. Institutional investors own 79.33% of the company’s stock.
LivePerson Company Profile
LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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