LivePerson (NASDAQ:LPSN) Price Target Raised to $40.00 at Needham & Company LLC

LivePerson (NASDAQ:LPSN) had its target price lifted by Needham & Company LLC to $40.00 in a research report sent to investors on Thursday, The Fly reports. Needham & Company LLC currently has a positive rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on LPSN. BidaskClub raised shares of LivePerson from a hold rating to a buy rating in a research note on Tuesday, July 23rd. Berenberg Bank assumed coverage on shares of LivePerson in a research note on Thursday, May 16th. They set a buy rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of LivePerson from a hold rating to a buy rating and set a $37.00 price target on the stock in a research note on Tuesday. KeyCorp assumed coverage on shares of LivePerson in a research note on Thursday, July 11th. They set an overweight rating and a $36.00 price target on the stock. Finally, Benchmark reaffirmed a buy rating and set a $40.00 price target (up previously from $34.00) on shares of LivePerson in a research note on Wednesday. Sixteen investment 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.

NASDAQ LPSN traded up $0.93 during mid-day trading on Thursday, reaching $34.70. 1,124,800 shares of the stock were exchanged, compared to its average volume of 642,020. LivePerson has a 1-year low of $16.98 and a 1-year high of $35.09. The firm’s fifty day simple moving average is $29.82. The firm has a market capitalization of $2.19 billion, a PE ratio of -150.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.75.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.11). The company had revenue of $71.00 million for 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 business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. On average, analysts forecast that LivePerson will post -0.52 EPS for the current fiscal year.

In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $27.71, for a total value of $447,904.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 4,352 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were 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 sold 45,266 shares of company stock valued at $1,242,075 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in LivePerson by 1.5% during the 1st quarter. FMR LLC now owns 3,678,554 shares of the technology company’s stock valued at $106,752,000 after purchasing an additional 52,606 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in shares of LivePerson by 10.7% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock worth $98,138,000 after acquiring an additional 327,580 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of LivePerson by 87.0% in 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 buying an additional 681,616 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of LivePerson by 7.9% in the second quarter. Janus Henderson Group PLC now owns 1,042,673 shares of the technology company’s stock valued at $29,237,000 after buying an additional 76,122 shares in the last quarter. Finally, Redwood Investments LLC grew its stake in shares of LivePerson by 3.6% in the second quarter. Redwood Investments LLC now owns 720,475 shares of the technology company’s stock valued at $20,202,000 after buying an additional 25,097 shares in the last quarter. 83.66% 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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The Fly

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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