LivePerson (LPSN) Downgraded by BidaskClub to “Buy”

BidaskClub downgraded shares of LivePerson (NASDAQ:LPSN) from a strong-buy rating to a buy rating in a report released on Friday.

LPSN has been the subject of several other research reports. B. Riley upped their price objective on LivePerson to $19.00 and gave the company a buy rating in a research note on Thursday, March 15th. Zacks Investment Research downgraded shares of LivePerson from a hold rating to a sell rating in a research report on Thursday, January 4th. Northland Securities reissued a buy rating and set a $21.00 target price on shares of LivePerson in a research report on Friday, February 23rd. Needham & Company LLC reissued a buy rating and set a $18.00 target price on shares of LivePerson in a research report on Friday, March 16th. Finally, Oppenheimer reissued a hold rating on shares of LivePerson in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. LivePerson has an average rating of Buy and a consensus target price of $16.54.

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Shares of LivePerson stock traded down $0.25 on Friday, hitting $15.05. The stock had a trading volume of 265,502 shares, compared to its average volume of 472,019. LivePerson has a twelve month low of $6.60 and a twelve month high of $16.60.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). LivePerson had a negative net margin of 8.31% and a negative return on equity of 3.11%. The firm had revenue of $57.39 million during the quarter, compared to analyst estimates of $56.60 million. sell-side analysts predict that LivePerson will post -0.07 EPS for the current fiscal year.

In other LivePerson news, CFO Daniel Richard Murphy sold 45,000 shares of the stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $16.38, for a total transaction of $737,100.00. Following the completion of the sale, the chief financial officer now owns 115,093 shares of the company’s stock, valued at approximately $1,885,223.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daryl Carlough sold 4,754 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $15.56, for a total transaction of $73,972.24. Following the sale, the senior vice president now directly owns 10,510 shares of the company’s stock, valued at approximately $163,535.60. The disclosure for this sale can be found here. Insiders have sold a total of 151,925 shares of company stock valued at $2,403,794 in the last three months. Insiders own 11.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Ellington Management Group LLC bought a new position in shares of LivePerson during the 4th quarter worth approximately $146,000. Public Employees Retirement System of Ohio bought a new position in shares of LivePerson during the 3rd quarter worth approximately $177,000. Miles Capital Inc. bought a new position in shares of LivePerson during the 4th quarter worth approximately $169,000. Macquarie Group Ltd. bought a new position in shares of LivePerson during the 3rd quarter worth approximately $215,000. Finally, Teacher Retirement System of Texas bought a new position in shares of LivePerson during the 4th quarter worth approximately $198,000. Hedge funds and other institutional investors own 75.01% of the company’s stock.

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LivePerson Company Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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