A number of other research analysts also recently issued reports on LPSN. KeyCorp started coverage on shares of LivePerson in a research report on Thursday. They set an “overweight” rating and a $36.00 target price on the stock. Jefferies Financial Group increased their price target on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Berenberg Bank set a €54.00 ($62.79) price target on shares of 1&1 Drillisch and gave the company a “buy” rating in a research report on Thursday, May 16th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target (up from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. Finally, Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.27.
LivePerson stock opened at $30.71 on Friday. 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 $30.91. The company’s 50-day simple moving average is $28.01.
LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. The business had revenue of $66.40 million for the quarter, compared to analyst estimates of $66.14 million. On average, analysts forecast that LivePerson will post -0.52 earnings per share for the current year.
In related news, EVP Monica L. Greenberg sold 23,601 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total transaction of $644,071.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher E. Greiner sold 5,033 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $29.66, for a total value of $149,278.78. The disclosure for this sale can be found here. Insiders sold a total of 50,611 shares of company stock worth $1,400,179 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LPSN. Artisan Partners Limited Partnership increased its stake in LivePerson by 87.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock worth $42,510,000 after purchasing an additional 681,616 shares in the last quarter. Granite Investment Partners LLC bought a new stake in LivePerson during the 1st quarter worth approximately $13,648,000. Millennium Management LLC increased its stake in LivePerson by 576.4% during the 4th quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock worth $9,787,000 after purchasing an additional 442,231 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in 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 worth $98,138,000 after purchasing an additional 327,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in LivePerson during the 4th quarter worth approximately $4,515,000. 83.96% of the stock is owned by institutional investors and hedge funds.
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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