LivePerson (NASDAQ:LPSN) Stock Rating Reaffirmed by Benchmark

LivePerson (NASDAQ:LPSN)‘s stock had its “buy” rating reissued by Benchmark in a research note issued on Wednesday, Marketbeat reports. They currently have a $40.00 price objective on the technology company’s stock, up from their prior price objective of $34.00. Benchmark’s price objective would indicate a potential upside of 16.45% from the company’s previous close.

LPSN has been the subject of several other reports. BidaskClub raised shares of LivePerson from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reissued a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of LivePerson in a report on Friday, May 3rd. Berenberg Bank began coverage on shares of LivePerson in a report on Thursday, May 16th. They set a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday. Finally, KeyCorp began coverage on shares of LivePerson in a report on Thursday, July 11th. They set an “overweight” rating and a $36.00 price objective for the company. Sixteen analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $35.13.

LivePerson stock traded up $0.58 during trading hours on Wednesday, hitting $34.35. The stock had a trading volume of 23,217 shares, compared to its average volume of 451,172. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $2.19 billion, a PE ratio of -148.09 and a beta of 1.08. LivePerson has a 12-month low of $16.98 and a 12-month high of $35.09. The stock has a 50-day simple moving average of $29.68.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.11). The firm had revenue of $71.00 million during the quarter, compared to analysts’ expectations of $70.16 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. As a group, equities analysts forecast that LivePerson will post -0.52 earnings per share for the current fiscal year.

In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the company’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 available through this hyperlink. Also, EVP Monica L. Greenberg sold 4,352 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $27.08, for a total transaction of $117,852.16. The disclosure for this sale can be found here. Insiders have sold 45,266 shares of company stock valued at $1,242,075 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its position in shares of LivePerson by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 22,995 shares of the technology company’s stock worth $645,000 after acquiring an additional 400 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of LivePerson by 0.3% during the first quarter. New York State Teachers Retirement System now owns 138,526 shares of the technology company’s stock worth $4,020,000 after acquiring an additional 422 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of LivePerson by 2.4% during the second quarter. State of Alaska Department of Revenue now owns 20,306 shares of the technology company’s stock worth $569,000 after acquiring an additional 483 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of LivePerson by 9.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,100 shares of the technology company’s stock worth $255,000 after acquiring an additional 750 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in shares of LivePerson by 4.3% during the first quarter. Mason Street Advisors LLC now owns 18,891 shares of the technology company’s stock worth $548,000 after acquiring an additional 773 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

About LivePerson

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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