LivePerson (NASDAQ:LPSN) Coverage Initiated at KeyCorp

KeyCorp assumed coverage on shares of LivePerson (NASDAQ:LPSN) in a report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the technology company’s stock.

A number of other equities analysts have also weighed in on LPSN. BidaskClub lowered Amyris from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Jefferies Financial Group boosted their target price on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Berenberg Bank set a €54.00 ($62.79) target price on 1&1 Drillisch and gave the stock a “buy” rating in a research report on Thursday, May 16th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of Nexstar Media Group in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.00.

Shares of LPSN traded up $0.14 during trading hours on Thursday, hitting $29.49. The company had a trading volume of 859,800 shares, compared to its average volume of 631,913. The company’s fifty day moving average is $27.97. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1.89 billion, a PE ratio of -128.22 and a beta of 1.08. LivePerson has a 52-week low of $16.98 and a 52-week high of $30.91.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.06). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The business had revenue of $66.40 million during the quarter, compared to analysts’ expectations of $66.14 million. On average, sell-side analysts predict that LivePerson will post -0.52 EPS for the current year.

In other news, EVP Monica L. Greenberg sold 4,352 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $27.08, for a total transaction of $117,852.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher E. Greiner sold 5,033 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $29.66, for a total transaction of $149,278.78. The disclosure for this sale can be found here. Insiders have sold a total of 50,611 shares of company stock valued at $1,400,179 in the last ninety days. Insiders own 9.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of LivePerson by 2.6% during the 4th quarter. BlackRock Inc. now owns 8,669,909 shares of the technology company’s stock valued at $163,516,000 after purchasing an additional 216,190 shares during the last quarter. FMR LLC grew its stake in shares of LivePerson by 1.5% during the 1st quarter. FMR LLC now owns 3,678,554 shares of the technology company’s stock valued at $106,752,000 after acquiring an additional 52,606 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in shares of LivePerson by 10.7% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock valued at $98,138,000 after acquiring an additional 327,580 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of LivePerson by 87.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock valued at $42,510,000 after acquiring an additional 681,616 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of LivePerson by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 829,459 shares of the technology company’s stock valued at $15,645,000 after acquiring an additional 59,457 shares during the period. 83.96% of the stock is owned by hedge funds and other institutional investors.

About LivePerson

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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The Fly

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