The LivePerson, Inc. (LPSN) Upgraded to Buy by Craig Hallum

The LivePerson, Inc. (LPSN) Upgraded to Buy by Craig Hallum

Separately, Zacks Investment Research lowered LivePerson from a buy rating to a hold rating in a report on Wednesday, January 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $9.71.

Craig Hallum upgraded shares of LivePerson, Inc. (NASDAQ:LPSN) from a hold rating to a buy rating in a report published on Thursday, May 11th. They currently have $8.85 target price on the technology company’s stock, up from their previous target price of $8.60.

Shares of LivePerson (NASDAQ LPSN) opened at 10.60 on Thursday. The stock’s market cap is $619.51 million. LivePerson has a 52-week low of $5.43 and a 52-week high of $10.75. The firm’s 50-day moving average price is $8.48 and its 200-day moving average price is $7.66. LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. LivePerson had a negative return on equity of 9.42% and a negative net margin of 11.61%. The business had revenue of $50.90 million during the quarter, compared to analyst estimates of $50.42 million. During the same period last year, the company earned $0.03 earnings per share. LivePerson’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts forecast that LivePerson will post $0.09 earnings per share for the current fiscal year.

In other LivePerson news, EVP Dustin Dean sold 47,292 shares of the stock in a transaction on 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 directly owns 8,700 shares of the company’s stock, valued at $85,521. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 55,717 shares of company stock worth $520,907 over the last three months. Company insiders own 11.40% of the company’s stock. A number of institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC acquired a new stake in shares of LivePerson during the fourth quarter valued at about $190,000. Arrowpoint Asset Management LLC increased its stake in shares of LivePerson by 25.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,183,843 shares of the technology company’s stock valued at $8,938,000 after buying an additional 240,808 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of LivePerson by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,100 shares of the technology company’s stock valued at $12,972,000 after buying an additional 187,000 shares in the last quarter. Discovery Group I LLC increased its stake in shares of LivePerson by 33.4% in the fourth quarter. Discovery Group I LLC now owns 3,102,644 shares of the technology company’s stock valued at $23,425,000 after buying an additional 777,009 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of LivePerson during the fourth quarter valued at about $194,000. 73.75% of the stock is currently owned by hedge funds and other institutional investors.

About LivePerson 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”});

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