LivePerson, Inc. (LPSN) Expected to Announce Earnings of $0.02 Per Share

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Brokerages expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for LivePerson’s earnings. The company is expected to issue its next quarterly earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that LivePerson will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.06. For the next year, analysts forecast that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.08 to $0.17. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow LivePerson.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). LivePerson had a negative return on equity of 5.32% and a negative net margin of 9.21%. The business had revenue of $64.21 million for the quarter, compared to analyst estimates of $62.55 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. BidaskClub lowered LivePerson from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. Finally, B. Riley set a $32.00 price objective on LivePerson and gave the stock a “buy” rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.94.

Shares of LivePerson stock traded down $0.18 during trading hours on Friday, reaching $19.85. 7,059 shares of the company were exchanged, compared to its average volume of 374,725. LivePerson has a 1 year low of $10.80 and a 1 year high of $27.40. The firm has a market capitalization of $1.26 billion, a P/E ratio of -330.50 and a beta of 0.90.

In other LivePerson news, insider Eran Vanounou sold 6,875 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $22.80, for a total transaction of $156,750.00. Following the transaction, the insider now owns 20,625 shares of the company’s stock, valued at $470,250. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert P. Locascio sold 45,837 shares of the firm’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $18.06, for a total value of $827,816.22. Following the transaction, the chief executive officer now directly owns 266,997 shares in the company, valued at approximately $4,821,965.82. The disclosure for this sale can be found here. Insiders sold 96,070 shares of company stock worth $1,919,330 in the last three months. 11.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of LivePerson by 8.2% during the third quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock worth $219,373,000 after purchasing an additional 639,267 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of LivePerson by 4.5% during the third quarter. Vanguard Group Inc now owns 5,739,844 shares of the technology company’s stock worth $148,949,000 after purchasing an additional 247,448 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of LivePerson by 4.5% during the third quarter. Vanguard Group Inc. now owns 5,739,844 shares of the technology company’s stock worth $148,949,000 after purchasing an additional 247,448 shares during the last quarter. FMR LLC grew its holdings in shares of LivePerson by 7.2% during the third quarter. FMR LLC now owns 3,791,378 shares of the technology company’s stock worth $98,386,000 after purchasing an additional 255,264 shares during the last quarter. Finally, Vista Equity Partners Management LLC grew its holdings in shares of LivePerson by 216.3% during the third quarter. Vista Equity Partners Management LLC now owns 939,605 shares of the technology company’s stock worth $24,383,000 after purchasing an additional 642,548 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

About LivePerson

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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