LivePerson, Inc. (NASDAQ:LPSN) Receives $1.32 Average Price Target from Analysts

LivePerson, Inc. (NASDAQ:LPSN) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $1.32.

A number of equities research analysts recently commented on the company. Barclays increased their price target on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. Craig Hallum raised their target price on LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st.

LivePerson Stock Performance

Shares of NASDAQ:LPSN opened at $1.18 on Friday. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.36 and a quick ratio of 1.36. The business’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $0.91. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $3.98. The stock has a market capitalization of $104.56 million, a price-to-earnings ratio of -0.82 and a beta of 1.79.

LivePerson (NASDAQ:LPSN) last announced its 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 firm had revenue of $79.88 million for the quarter, compared to analyst estimates 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, analysts predict that LivePerson will post -0.41 EPS for the current fiscal year.

Insider Transactions at LivePerson

In other LivePerson news, CFO John Deneen Collins sold 83,735 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 value of $93,783.20. Following the transaction, the chief financial officer now directly owns 372,730 shares of the company’s stock, valued at approximately $417,457.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other LivePerson news, CFO John Deneen Collins sold 83,735 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $93,783.20. Following the transaction, the chief financial officer now owns 372,730 shares of the company’s stock, valued at approximately $417,457.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Monica L. Greenberg sold 34,441 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total value of $38,573.92. Following the completion of the sale, the executive vice president now directly owns 181,607 shares of the company’s stock, valued at approximately $203,399.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,775 shares of company stock worth $233,347 in the last quarter. 9.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On LivePerson

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of LivePerson by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after buying an additional 523,694 shares in the last quarter. Archon Capital Management LLC acquired a new stake in shares of LivePerson during the first quarter worth about $5,313,000. Palogic Value Management L.P. lifted its holdings in shares of LivePerson by 119.5% during the 4th quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock valued at $3,246,000 after purchasing an additional 466,320 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of LivePerson by 25.8% in the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after purchasing an additional 93,693 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in LivePerson by 3.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after purchasing an additional 12,273 shares in the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

About LivePerson

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.