Brokerages Anticipate LivePerson, Inc. (LPSN) Will Post Quarterly Sales of $59.47 Million

Analysts expect that LivePerson, Inc. (NASDAQ:LPSN) will post $59.47 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for LivePerson’s earnings, with the highest sales estimate coming in at $59.65 million and the lowest estimate coming in at $59.31 million. LivePerson reported sales of $54.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 10%. The business is scheduled to issue its next earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that LivePerson will report full year sales of $240.95 million for the current year, with estimates ranging from $239.48 million to $241.76 million. For the next year, analysts anticipate that the business will report sales of $270.79 million per share, with estimates ranging from $263.91 million to $278.02 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). LivePerson had a negative return on equity of 2.89% and a negative net margin of 6.95%. The firm had revenue of $57.39 million during the quarter, compared to the consensus estimate of $56.60 million.

Several research analysts recently issued reports on LPSN shares. BidaskClub raised LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 20th. ValuEngine raised LivePerson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Oppenheimer restated a “hold” rating on shares of LivePerson in a report on Friday, January 26th. Zacks Investment Research upgraded LivePerson from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of LivePerson in a report on Friday, March 16th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $17.64.

Shares of LivePerson opened at $19.10 on Friday, MarketBeat.com reports. LivePerson has a 52-week low of $9.43 and a 52-week high of $19.20. The company has a market capitalization of $1.15 billion, a P/E ratio of -318.33 and a beta of 0.87.

In other news, SVP Daryl Carlough sold 4,754 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $15.56, for a total transaction of $73,972.24. Following the completion of the sale, the senior vice president now owns 10,510 shares in the company, valued at approximately $163,535.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eran Vanounou sold 12,580 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $19.06, for a total value of $239,774.80. Following the sale, the insider now owns 97,420 shares of the company’s stock, valued at approximately $1,856,825.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,103 shares of company stock valued at $5,700,225. 11.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Profund Advisors LLC purchased a new stake in shares of LivePerson during the 1st quarter valued at $170,000. Ellington Management Group LLC purchased a new stake in shares of LivePerson during the 4th quarter valued at $146,000. Algert Global LLC purchased a new position in LivePerson in the 1st quarter worth $214,000. Miles Capital Inc. purchased a new position in LivePerson in the 4th quarter worth $169,000. Finally, Teacher Retirement System of Texas purchased a new position in LivePerson in the 4th quarter worth $198,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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.

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