LivePerson’s (LPSN) “Buy” Rating Reaffirmed at LADENBURG THALM/SH SH

Share on StockTwits

LADENBURG THALM/SH SH reissued their buy rating on shares of LivePerson (NASDAQ:LPSN) in a report released on Friday. The firm currently has a $27.00 target price on the technology company’s stock.

A number of other research analysts have also recently commented on the company. BidaskClub upgraded LivePerson from a hold rating to a buy rating in a report on Friday, November 2nd. Zacks Investment Research cut LivePerson from a hold rating to a sell rating in a report on Thursday, October 11th. B. Riley upped their price target on LivePerson from $19.25 to $31.00 and gave the stock a buy rating in a research note on Thursday, August 2nd. Needham & Company LLC upped their price target on LivePerson from $20.00 to $28.00 and gave the stock a buy rating in a research note on Thursday, August 2nd. Finally, Roth Capital upped their price target on LivePerson to $31.00 and gave the stock a buy rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. LivePerson currently has a consensus rating of Buy and an average price target of $27.17.

LPSN traded down $2.18 during trading hours on Friday, reaching $21.06. The company’s stock had a trading volume of 1,175,639 shares, compared to its average volume of 440,739. LivePerson has a fifty-two week low of $10.80 and a fifty-two week high of $27.40. The stock has a market capitalization of $1.42 billion, a PE ratio of -350.92 and a beta of 1.27.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The firm had revenue of $64.21 million for the quarter, compared to analysts’ expectations of $62.55 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities analysts predict that LivePerson will post -0.08 earnings per share for the current year.

In other news, EVP Monica L. Greenberg sold 1,466 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $38,922.30. Following the sale, the executive vice president now owns 39,849 shares of the company’s stock, valued at $1,057,990.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 36,723 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $22.03, for a total value of $809,007.69. Following the sale, the executive vice president now directly owns 31,604 shares in the company, valued at approximately $696,236.12. The disclosure for this sale can be found here. Insiders have sold 48,854 shares of company stock worth $1,105,304 over the last 90 days. 11.50% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new stake in shares of LivePerson during the third quarter worth $10,086,000. Sei Investments Co. increased its position in shares of LivePerson by 143,620.0% during the second quarter. Sei Investments Co. now owns 50,302 shares of the technology company’s stock worth $1,062,000 after acquiring an additional 50,267 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of LivePerson during the second quarter worth $16,735,000. Rhumbline Advisers increased its position in shares of LivePerson by 7.5% during the second quarter. Rhumbline Advisers now owns 134,848 shares of the technology company’s stock worth $2,845,000 after acquiring an additional 9,400 shares during the period. Finally, Pinebridge Investments L.P. purchased a new stake in shares of LivePerson during the second quarter worth $1,285,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Story: Risk Tolerance

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply