Traders Purchase High Volume of Call Options on LiveVox (NASDAQ:LVOX)

LiveVox Holding, Inc. (NASDAQ:LVOX) was the target of some unusual options trading activity on Wednesday. Stock traders purchased 3,051 call options on the company. This is an increase of 931% compared to the average volume of 296 call options.

Shares of LVOX stock traded up $0.34 during trading on Wednesday, reaching $4.95. The company’s stock had a trading volume of 1,615 shares, compared to its average volume of 441,973. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.31 and a current ratio of 6.31. The company has a 50-day simple moving average of $6.32. LiveVox has a 1-year low of $4.34 and a 1-year high of $11.43.

LiveVox (NASDAQ:LVOX) last announced its quarterly earnings data on Thursday, November 11th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). On average, research analysts forecast that LiveVox will post -1.18 EPS for the current fiscal year.

LVOX has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on shares of LiveVox in a research note on Thursday, September 9th. They issued a “buy” rating and a $12.00 price target on the stock. Bank of America initiated coverage on shares of LiveVox in a research note on Tuesday, September 28th. They issued a “neutral” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of LiveVox from a “hold” rating to a “sell” rating in a research note on Wednesday, November 17th.

Several hedge funds have recently made changes to their positions in LVOX. US Bancorp DE acquired a new position in LiveVox during the 2nd quarter worth approximately $25,000. Citigroup Inc. acquired a new position in LiveVox during the 3rd quarter worth approximately $28,000. Penserra Capital Management LLC acquired a new position in LiveVox during the 2nd quarter worth approximately $56,000. Capstone Investment Advisors LLC acquired a new position in LiveVox during the 3rd quarter worth approximately $66,000. Finally, Royal Bank of Canada acquired a new position in LiveVox during the 2nd quarter worth approximately $67,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.

LiveVox Company Profile

LiveVox Holding, Inc develops and provides cloud contact center software for businesses. Its products include Four Clouds, an outbound voice solution that enables to manage regulatory requirements with the option of three manual and one automated outbound dialing system; bundles, including two-way messaging, outbound campaigns and compliance, speech analytics, inbound contact center, and cloud interactive voice response (IVR) solutions; inbound voice solutions, which comprise automatic call distributor, IVR, and wallboards; and blended omnichannel solutions, such as voice, email, SMS, virtual agents, and webchat.

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