Separately, Zacks Investment Research downgraded LivePerson from a buy rating to a hold rating in a research report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. LivePerson has an average rating of Buy and an average price target of $9.81.
Shares of LivePerson (NASDAQ:LPSN) opened at 8.38 on Friday. The company’s market cap is $484.18 million. LivePerson has a 12-month low of $3.74 and a 12-month high of $8.50. The company has a 50-day moving average price of $7.88 and a 200-day moving average price of $6.83.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The company had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $56.70 million. LivePerson had a negative return on equity of 2.86% and a negative net margin of 11.68%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. On average, analysts predict that LivePerson will post ($0.05) earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new position in LivePerson during the second quarter valued at $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 valued at $139,000 after buying an additional 100 shares during the last quarter. 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 valued at $148,000 after buying an additional 1,100 shares during the last quarter. 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 valued at $151,000 after buying an additional 1,210 shares during the last quarter. Finally, Airain ltd purchased a new position in LivePerson during the second quarter worth approximately $153,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for LivePerson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.