LivePerson (NASDAQ:LPSN) PT Raised to $39.00

LivePerson (NASDAQ:LPSN) had its price objective raised by equities research analysts at KeyCorp from $36.00 to $39.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective suggests a potential upside of 12.39% from the stock’s previous close. KeyCorp also issued estimates for LivePerson’s Q1 2020 earnings at ($0.10) EPS, Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.06) EPS, Q4 2020 earnings at ($0.04) EPS, FY2020 earnings at ($0.32) EPS and FY2021 earnings at ($0.18) EPS.

Several other equities analysts also recently commented on the company. Needham & Company LLC upped their price objective on LivePerson to $40.00 and gave the company a “positive” rating in a research note on Thursday. Berenberg Bank started coverage on LivePerson in a research note on Thursday, May 16th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price objective (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.

Shares of NASDAQ LPSN traded up $0.93 during midday trading on Thursday, reaching $34.70. The company’s stock had a trading volume of 1,124,844 shares, compared to its average volume of 520,543. LivePerson has a 12-month low of $16.98 and a 12-month high of $35.09. The firm has a 50 day moving average price of $29.82. The firm has a market cap of $2.25 billion, a PE ratio of -150.87 and a beta of 1.14. 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 announced its earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.11). LivePerson had a negative return on equity of 22.69% and a negative net margin of 21.09%. The business had revenue of $71.00 million during the quarter, compared to analysts’ expectations of $70.16 million. During the same quarter in the previous year, the firm earned $0.01 EPS. LivePerson’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities analysts anticipate that LivePerson will post -0.52 EPS for the current fiscal year.

In other LivePerson news, EVP Monica L. Greenberg sold 23,601 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total transaction of $644,071.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daryl Carlough sold 16,164 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total value of $447,904.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,266 shares of company stock worth $1,242,075. Company insiders own 9.70% of the company’s stock.

Several large investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of LivePerson by 1.5% during the first quarter. FMR LLC now owns 3,678,554 shares of the technology company’s stock worth $106,752,000 after acquiring an additional 52,606 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position 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 worth $98,138,000 after acquiring an additional 327,580 shares in the last quarter. Artisan Partners Limited Partnership lifted its position 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 worth $42,510,000 after acquiring an additional 681,616 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of LivePerson by 7.9% during the second quarter. Janus Henderson Group PLC now owns 1,042,673 shares of the technology company’s stock worth $29,237,000 after acquiring an additional 76,122 shares in the last quarter. Finally, Redwood Investments LLC lifted its position in shares of LivePerson by 3.6% during the second quarter. Redwood Investments LLC now owns 720,475 shares of the technology company’s stock worth $20,202,000 after acquiring an additional 25,097 shares in the last quarter. Hedge funds and other institutional investors 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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