Brokerages predict that LivePerson, Inc. (NASDAQ:LPSN) will post earnings of ($0.07) per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for LivePerson’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.05). LivePerson posted earnings of $0.02 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 450%. The business is expected to issue its next quarterly earnings report on Thursday, November 14th.
According to Zacks, analysts expect that LivePerson will report full-year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.38) to ($0.28). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.18) to $0.12. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for LivePerson.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.11). LivePerson had a negative return on equity of 22.65% and a negative net margin of 21.09%. The firm had revenue of $71.00 million for the quarter, compared to analyst estimates of $70.16 million. During the same quarter last year, the firm earned $0.01 EPS. The company’s revenue was up 15.1% on a year-over-year basis.
LPSN has been the subject of several analyst reports. KeyCorp boosted their price target on shares of LivePerson from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Benchmark reiterated a “buy” rating and set a $40.00 price target (up previously from $34.00) on shares of LivePerson in a report on Wednesday, July 31st. BidaskClub upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a report on Tuesday. Oppenheimer boosted their price target on shares of LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Northland Securities set a $45.00 price target on shares of LivePerson and gave the stock a “buy” rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $38.04.
In other news, Director Kevin Lavan sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.40, for a total transaction of $486,000.00. Following the completion of the sale, the director now owns 21,000 shares in the company, valued at approximately $680,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monica L. Greenberg sold 2,284 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total transaction of $84,941.96. The disclosure for this sale can be found here. Insiders have sold a total of 17,390 shares of company stock valued at $574,423 in the last 90 days. Insiders own 9.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in LivePerson by 130.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 46,813 shares of the technology company’s stock valued at $1,671,000 after purchasing an additional 26,507 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new stake in LivePerson in the 2nd quarter valued at $1,430,000. Nomura Holdings Inc. purchased a new stake in LivePerson in the 2nd quarter valued at $1,109,000. BlackRock Inc. raised its position in LivePerson by 6.4% in the 2nd quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock valued at $258,941,000 after purchasing an additional 556,214 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in LivePerson in the 2nd quarter valued at $11,124,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.
NASDAQ LPSN traded up $0.97 on Friday, hitting $38.64. 408,527 shares of the stock were exchanged, compared to its average volume of 569,564. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.06. LivePerson has a fifty-two week low of $16.98 and a fifty-two week high of $41.00. The company has a market cap of $2.53 billion, a PE ratio of -168.00 and a beta of 1.03. The company has a 50-day moving average price of $37.91 and a 200-day moving average price of $32.09.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.