LivePerson Inc. (NASDAQ:LPSN) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.33.
A number of analysts recently weighed in on LPSN shares. Benchmark Co. upgraded LivePerson from a “hold” rating to a “buy” rating and increased their price objective for the company from $6.00 to $9.00 in a report on Thursday, July 7th. Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Wednesday, July 13th.
Shares of LivePerson (NASDAQ:LPSN) opened at 8.35 on Friday. LivePerson has a 1-year low of $3.74 and a 1-year high of $8.50. The firm has a 50 day moving average price of $7.82 and a 200 day moving average price of $6.77. The firm’s market cap is $482.45 million.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The company earned $56.70 million during the quarter, compared to analyst estimates of $56.70 million. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. Analysts anticipate that LivePerson will post ($0.05) EPS for the current year.
A number of hedge funds have recently modified their holdings of LPSN. Nomura Holdings Inc. purchased a new stake in shares of LivePerson during the second quarter worth approximately $107,000. Louisiana State Employees Retirement System boosted its position in LivePerson by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock worth $139,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in LivePerson by 4.5% in the first quarter. Arizona State Retirement System now owns 25,292 shares of the company’s stock worth $148,000 after buying an additional 1,100 shares during the period. Thrivent Financial for Lutherans boosted its position in LivePerson by 5.4% in the second quarter. Thrivent Financial for Lutherans now owns 23,760 shares of the company’s stock worth $151,000 after buying an additional 1,210 shares during the period. Finally, Airain ltd bought a new position in LivePerson during the second quarter worth about $153,000. 73.37% of the stock is currently owned by institutional investors and hedge funds.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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