$70.08 Million in Sales Expected for LivePerson, Inc. (LPSN) This Quarter

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Wall Street analysts predict that LivePerson, Inc. (NASDAQ:LPSN) will post $70.08 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for LivePerson’s earnings. The highest sales estimate is $70.50 million and the lowest is $69.56 million. LivePerson posted sales of $61.66 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The firm is scheduled to announce its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that LivePerson will report full year sales of $288.40 million for the current year, with estimates ranging from $287.09 million to $289.50 million. For the next year, analysts forecast that the company will post sales of $341.52 million, with estimates ranging from $334.80 million to $345.28 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.06). LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. The business had revenue of $66.40 million for the quarter, compared to analyst estimates of $66.14 million.

Several analysts have commented on LPSN shares. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of LivePerson in a research note on Friday, February 22nd. B. Riley set a $32.00 price objective on shares of LivePerson and gave the company a “buy” rating in a research note on Friday, February 22nd. BidaskClub cut shares of LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI started coverage on shares of LivePerson in a research note on Thursday, March 7th. They set an “outperform” rating and a $34.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.43.

NASDAQ LPSN traded up $0.53 on Thursday, hitting $28.23. 330,503 shares of the company’s stock traded hands, compared to its average volume of 658,576. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.96. LivePerson has a 1-year low of $16.98 and a 1-year high of $30.91. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -122.74 and a beta of 1.16.

In related news, EVP Monica L. Greenberg sold 1,424 shares of the business’s stock in a transaction on Saturday, March 16th. The shares were sold at an average price of $28.82, for a total value of $41,039.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher E. Greiner sold 5,033 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $29.66, for a total transaction of $149,278.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,835 shares of company stock valued at $424,142. Company insiders own 11.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in LivePerson by 26.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after acquiring an additional 1,029 shares in the last quarter. Neuburgh Advisers LLC increased its holdings in LivePerson by 159.3% in the 4th quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after acquiring an additional 5,258 shares in the last quarter. M&T Bank Corp purchased a new stake in LivePerson in the 1st quarter worth $235,000. Virtu Financial LLC purchased a new stake in LivePerson in the 1st quarter worth $236,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in LivePerson in the 1st quarter worth $242,000. Hedge funds and other institutional investors own 83.99% of the company’s stock.

About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Earnings History and Estimates for LivePerson (NASDAQ:LPSN)

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