LivePerson (LPSN) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of LivePerson (NASDAQ:LPSN) in a research report sent to investors on Monday, April 1st, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a buy rating and a $36.00 target price on the technology company’s stock.

Several other brokerages have also issued reports on LPSN. Piper Jaffray Companies started coverage on shares of LivePerson in a research report on Monday, March 25th. They issued an overweight rating and a $39.00 target price on the stock. Zacks Investment Research upgraded shares of LivePerson from a sell rating to a hold rating in a research report on Wednesday, December 5th. Oppenheimer upgraded shares of LivePerson from a market perform rating to an outperform rating and set a $31.00 target price on the stock in a research report on Thursday, January 24th. Benchmark reiterated a buy rating and issued a $34.00 target price (up previously from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Finally, BidaskClub upgraded shares of LivePerson from a buy rating to a strong-buy rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $30.39.

Shares of LivePerson stock traded up $0.70 during trading on Monday, hitting $29.31. 401,578 shares of the company’s stock were exchanged, compared to its average volume of 662,245. LivePerson has a 52-week low of $16.15 and a 52-week high of $30.28. The stock has a market cap of $1.85 billion, a PE ratio of -127.43 and a beta of 1.18.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $65.72 million for the quarter, compared to analyst estimates of $64.91 million. LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%. On average, analysts predict that LivePerson will post -0.48 earnings per share for the current fiscal year.

In other news, EVP Alexander Spinelli sold 15,080 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.30, for a total value of $411,684.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Christopher E. Greiner sold 5,033 shares of the business’s stock in a transaction that occurred 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. Insiders have sold 25,145 shares of company stock worth $705,668 over the last ninety days. 11.50% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC increased its stake in LivePerson by 32.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 38,715 shares of the technology company’s stock worth $1,005,000 after buying an additional 9,385 shares during the period. GSA Capital Partners LLP purchased a new stake in LivePerson during the 4th quarter worth approximately $327,000. BlackRock Inc. increased its stake in LivePerson by 8.2% during the 3rd quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock worth $219,373,000 after buying an additional 639,267 shares during the period. Pembroke Management LTD increased its stake in LivePerson by 31.8% during the 4th quarter. Pembroke Management LTD now owns 306,038 shares of the technology company’s stock worth $5,772,000 after buying an additional 73,900 shares during the period. Finally, LPL Financial LLC purchased a new stake in LivePerson during the 3rd quarter worth approximately $1,396,000. 80.60% of the stock is currently owned by institutional investors and hedge funds.

LivePerson Company Profile

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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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