The LivePerson, Inc. (LPSN) Receives $8.28 Average PT from Analysts

The LivePerson, Inc. (LPSN) Receives $8.28 Average PT from Analysts

A number of analysts have weighed in on LPSN shares. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of LivePerson in a report on Thursday, May 11th. Craig Hallum raised shares of LivePerson from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.60 to $8.85 in a research report on Thursday, May 11th. Benchmark Co. increased their price objective on shares of LivePerson from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. TheStreet raised shares of LivePerson from a “d+” rating to a “c” rating in a research report on Friday, May 26th. Finally, Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, May 17th.

LivePerson, Inc. (NASDAQ:LPSN) has received an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.71.

LivePerson (LPSN) opened at 10.60 on Thursday. The company’s market cap is $619.51 million. LivePerson has a 1-year low of $5.43 and a 1-year high of $10.75. The stock has a 50 day moving average price of $8.48 and a 200 day moving average price of $7.66. LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. LivePerson had a negative return on equity of 9.42% and a negative net margin of 11.61%. The firm had revenue of $50.90 million during the quarter, compared to the consensus estimate of $50.42 million. During the same period last year, the business posted $0.03 EPS. The business’s revenue was down 8.3% compared to the same quarter last year. Equities analysts forecast that LivePerson will post $0.09 earnings per share for the current year.

In other news, EVP Dustin Dean sold 47,292 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $9.83, for a total transaction of $464,880.36. Following the transaction, the executive vice president now owns 8,700 shares of the company’s stock, valued at approximately $85,521. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 55,717 shares of company stock worth $520,907 in the last three months. Insiders own 11.40% of the company’s stock. A number of institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its position in shares of LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock valued at $101,000 after buying an additional 243 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of LivePerson by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the technology company’s stock valued at $149,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System boosted its position in shares of LivePerson by 1.1% in the first quarter. Arizona State Retirement System now owns 27,792 shares of the technology company’s stock valued at $190,000 after buying an additional 300 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of LivePerson by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock valued at $1,053,000 after buying an additional 1,214 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of LivePerson by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,730 shares of the technology company’s stock valued at $217,000 after buying an additional 1,520 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors and hedge funds.

LivePerson Company Profile LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LPSN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment