LivePerson, Inc. (NASDAQ:LPSN) has received an average rating of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.76.
A number of brokerages recently weighed in on LPSN. Zacks Investment Research downgraded LivePerson from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a research note on Wednesday, August 9th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a research note on Tuesday. Northland Securities set a $14.00 price objective on LivePerson and gave the company a “buy” rating in a research note on Saturday, June 24th. Finally, Needham & Company LLC began coverage on LivePerson in a research note on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective on the stock.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The company had revenue of $54.10 million during the quarter, compared to the consensus estimate of $51.33 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis.
WARNING: This article was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/10/13/liveperson-inc-lpsn-given-average-rating-of-buy-by-brokerages.html.
In other LivePerson news, CEO Robert P. Locascio sold 2,572 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.66, for a total value of $35,133.52. Following the sale, the chief executive officer now owns 76,435 shares of the company’s stock, valued at approximately $1,044,102.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total value of $35,875.00. The disclosure for this sale can be found here. Insiders sold a total of 162,774 shares of company stock worth $1,963,593 in the last ninety days. Insiders own 11.40% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of LivePerson during the 2nd quarter worth approximately $128,000. Castleark Management LLC acquired a new stake in shares of LivePerson during the 2nd quarter worth approximately $4,775,000. The Manufacturers Life Insurance Company grew its holdings in shares of LivePerson by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,917 shares of the technology company’s stock worth $483,000 after purchasing an additional 1,285 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of LivePerson during the 2nd quarter worth approximately $131,000. Finally, State Street Corp grew its holdings in shares of LivePerson by 6.1% during the 2nd quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock worth $14,219,000 after purchasing an additional 74,645 shares in the last quarter. 74.85% of the stock is currently owned by institutional investors.
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
Receive News & Ratings for LivePerson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.