LivePerson (LPSN) Upgraded by BidaskClub to “Strong-Buy”

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

A number of other equities analysts also recently weighed in on LPSN. Zacks Investment Research downgraded shares of LivePerson from a hold rating to a sell rating in a research note on Thursday, January 4th. Oppenheimer reaffirmed a hold rating on shares of LivePerson in a research note on Friday, January 26th. Northland Securities reaffirmed a buy rating and issued a $21.00 target price on shares of LivePerson in a research note on Friday, February 23rd. B. Riley boosted their target price on shares of LivePerson to $19.00 and gave the stock a buy rating in a research note on Thursday, March 15th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $18.00 target price on shares of LivePerson in a research note on Friday, March 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. LivePerson has an average rating of Buy and an average price target of $16.54.

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NASDAQ:LPSN traded down $0.05 on Friday, reaching $16.35. The stock had a trading volume of 379,492 shares, compared to its average volume of 456,215. The firm has a market cap of $986.14, a PE ratio of -272.50 and a beta of 0.86. LivePerson has a 1-year low of $6.97 and a 1-year high of $16.60.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.04) EPS for the quarter, missing the Zacks’ 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. analysts expect that LivePerson will post -0.07 earnings per share for the current fiscal year.

In related news, CFO Daniel Richard Murphy sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $15.61, for a total transaction of $858,550.00. Following the completion of the sale, the chief financial officer now directly owns 100,789 shares of the company’s stock, valued at $1,573,316.29. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert P. Locascio sold 2,465 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $15.30, for a total transaction of $37,714.50. Following the sale, the chief executive officer now directly owns 321,191 shares of the company’s stock, valued at $4,914,222.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,925 shares of company stock valued at $2,403,794. Insiders own 11.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ellington Management Group LLC bought a new stake in shares of LivePerson during the fourth quarter worth approximately $146,000. Public Employees Retirement System of Ohio bought a new stake in shares of LivePerson during the third quarter worth approximately $177,000. Miles Capital Inc. bought a new stake in shares of LivePerson during the fourth quarter worth approximately $169,000. Teacher Retirement System of Texas bought a new stake in shares of LivePerson during the fourth quarter worth approximately $198,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of LivePerson during the third quarter worth approximately $254,000. 75.01% of the stock is owned by institutional investors and hedge funds.

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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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