LivePerson (NASDAQ:LPSN) Research Coverage Started at KeyCorp

KeyCorp began coverage on shares of LivePerson (NASDAQ:LPSN) in a research report released on Thursday, Benzinga reports. The brokerage issued an overweight rating and a $36.00 target price on the technology company’s stock.

A number of other research analysts have also weighed in on LPSN. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a report on Wednesday. Piper Jaffray Companies upped their price objective on Apple to $201.00 and gave the stock an overweight rating in a report on Monday, March 25th. Berenberg Bank set a €54.00 ($62.79) price objective on 1&1 Drillisch and gave the stock a buy rating in a report on Thursday, May 16th. Jefferies Financial Group upped their price objective on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a buy rating in a report on Monday, April 1st. Finally, BidaskClub lowered Amyris from a hold rating to a sell rating in a report on Thursday, June 27th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $32.27.

Shares of LPSN stock opened at $30.71 on Thursday. The business’s fifty day simple moving average is $28.01. LivePerson has a 1-year low of $16.98 and a 1-year high of $30.91. 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 (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.06). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The business had revenue of $66.40 million for the quarter, compared to analyst estimates of $66.14 million. Equities analysts predict that LivePerson will post -0.52 EPS for the current fiscal year.

In other LivePerson news, CFO Christopher E. Greiner sold 5,033 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $29.66, for a total value of $149,278.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 23,601 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $27.29, for a total value of $644,071.29. The disclosure for this sale can be found here. Insiders sold 50,611 shares of company stock worth $1,400,179 in the last three months. 9.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of LPSN. Artisan Partners Limited Partnership boosted its stake in shares of LivePerson by 87.0% during the first quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock valued at $42,510,000 after acquiring an additional 681,616 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in shares of LivePerson during the first quarter valued at $13,648,000. Millennium Management LLC boosted its stake in shares of LivePerson by 576.4% during the fourth quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock valued at $9,787,000 after acquiring an additional 442,231 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of LivePerson by 10.7% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock valued at $98,138,000 after acquiring an additional 327,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of LivePerson during the fourth quarter valued at $4,515,000. 83.96% 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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