LivePerson (NASDAQ:LPSN) had its target price lifted by research analysts at Oppenheimer from $35.00 to $41.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective would indicate a potential upside of 21.41% from the company’s current price.
Other research analysts have also issued research reports about the stock. KeyCorp lifted their price target on shares of LivePerson from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday. BidaskClub upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Berenberg Bank assumed coverage on shares of LivePerson in a research report on Thursday, May 16th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Needham & Company LLC lifted their price target on shares of LivePerson to $40.00 and gave the stock a “positive” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a buy rating, LivePerson presently has an average rating of “Buy” and a consensus price target of $35.13.
Shares of NASDAQ LPSN traded up $0.58 during mid-day trading on Thursday, reaching $33.77. 2,392,330 shares of the company traded hands, compared to its average volume of 638,729. LivePerson has a fifty-two week low of $16.98 and a fifty-two week high of $35.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -146.83 and a beta of 1.08. The company has a fifty day moving average of $29.68.
In related news, SVP Daryl Carlough sold 16,164 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $27.71, for a total value of $447,904.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica L. Greenberg sold 23,601 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total transaction of $644,071.29. The disclosure for this sale can be found here. Insiders sold a total of 45,266 shares of company stock valued at $1,242,075 in the last ninety days. Company insiders own 9.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP bought a new position in LivePerson in the 4th quarter valued at $4,515,000. Geode Capital Management LLC grew its position in LivePerson by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 672,530 shares of the technology company’s stock valued at $12,683,000 after acquiring an additional 51,426 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of LivePerson by 28.1% in the 4th quarter. Bank of America Corp DE now owns 69,969 shares of the technology company’s stock worth $1,319,000 after buying an additional 15,350 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of LivePerson by 360.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,364 shares of the technology company’s stock worth $346,000 after buying an additional 14,378 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of LivePerson in the 4th quarter worth $313,000. 83.66% of the stock is owned by hedge funds and other institutional investors.
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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