StockNews.com upgraded shares of LivePerson (NASDAQ:LPSN - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
A number of other brokerages have also issued reports on LPSN. Needham & Company LLC reissued a hold rating on shares of LivePerson in a report on Thursday, August 1st. Craig Hallum raised their target price on shares of LivePerson from $1.25 to $1.40 and gave the company a buy rating in a research note on Thursday, August 1st. Barclays upped their price target on shares of LivePerson from $0.75 to $1.00 and gave the stock an underweight rating in a research note on Thursday, August 1st. Finally, Mizuho dropped their target price on LivePerson from $2.00 to $0.50 and set a neutral rating on the stock in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $1.32.
Check Out Our Latest Research Report on LPSN
LivePerson Stock Down 3.7 %
Shares of LPSN stock traded down $0.04 on Friday, hitting $1.04. The stock had a trading volume of 2,169,968 shares, compared to its average volume of 3,218,851. LivePerson has a 52-week low of $0.45 and a 52-week high of $4.74. The firm has a market capitalization of $92.16 million, a price-to-earnings ratio of -0.72 and a beta of 1.73. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock's 50 day moving average is $1.12 and its 200-day moving average is $0.98.
LivePerson (NASDAQ:LPSN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.58). The business had revenue of $79.88 million during the quarter, compared to the consensus estimate of $77.62 million. LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. As a group, research analysts expect that LivePerson will post -0.41 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Alex Kroman sold 120,047 shares of the firm's stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total value of $76,830.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Monica L. Greenberg sold 34,441 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the transaction, the executive vice president now owns 181,607 shares of the company's stock, valued at $203,399.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alex Kroman sold 120,047 shares of LivePerson stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total transaction of $76,830.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 246,696 shares of company stock worth $220,795. Company insiders own 9.00% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in LivePerson by 11.3% during the fourth quarter. Russell Investments Group Ltd. now owns 163,581 shares of the technology company's stock worth $620,000 after acquiring an additional 16,560 shares during the period. Victory Capital Management Inc. bought a new stake in shares of LivePerson in the fourth quarter valued at about $39,000. Los Angeles Capital Management LLC grew its position in LivePerson by 60.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 175,559 shares of the technology company's stock worth $665,000 after buying an additional 66,215 shares in the last quarter. Worth Venture Partners LLC bought a new position in LivePerson during the fourth quarter valued at about $1,519,000. Finally, Advisory Services Network LLC increased its stake in LivePerson by 2.6% during the fourth quarter. Advisory Services Network LLC now owns 215,540 shares of the technology company's stock valued at $817,000 after acquiring an additional 5,455 shares during the period. Institutional investors own 79.83% of the company's stock.
LivePerson Company Profile
(
Get Free Report)
LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.
Featured Stories
Before you consider LivePerson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LivePerson wasn't on the list.
While LivePerson currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
