LivePerson (LPSN) Sets New 12-Month High and Low at $23.13

LivePerson, Inc. (NASDAQ:LPSN) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $23.13 and last traded at $23.15, with a volume of 3882 shares changing hands. The stock had previously closed at $23.00.

LPSN has been the topic of several recent analyst reports. BidaskClub raised LivePerson from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. B. Riley raised their target price on LivePerson to $19.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a research report on Saturday, June 9th. ValuEngine raised LivePerson from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Northland Securities reissued a “buy” rating and issued a $21.00 target price on shares of LivePerson in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.00.

The company has a market cap of $1.36 billion, a PE ratio of -385.83 and a beta of 0.99.



LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, May 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $58.24 million for the quarter, compared to the consensus estimate of $57.22 million. LivePerson had a negative return on equity of 2.89% and a negative net margin of 6.95%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. sell-side analysts forecast that LivePerson, Inc. will post -0.05 EPS for the current year.

In other news, CEO Robert P. Locascio sold 2,465 shares of LivePerson stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $15.30, for a total value of $37,714.50. Following the completion of the transaction, the chief executive officer now owns 321,191 shares in the company, valued at approximately $4,914,222.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel Richard Murphy sold 73,814 shares of LivePerson stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $21.47, for a total value of $1,584,786.58. Following the completion of the transaction, the chief financial officer now owns 23,814 shares of the company’s stock, valued at approximately $511,286.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,052,755 shares of company stock valued at $19,985,113 in the last 90 days. 11.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of LivePerson in the 4th quarter worth approximately $1,012,000. BlackRock Inc. boosted its holdings in LivePerson by 4.6% during the 4th quarter. BlackRock Inc. now owns 6,989,338 shares of the technology company’s stock valued at $80,377,000 after acquiring an additional 310,088 shares during the period. Pier Capital LLC purchased a new position in LivePerson during the 1st quarter valued at $6,161,000. Rhumbline Advisers boosted its holdings in LivePerson by 16.8% during the 4th quarter. Rhumbline Advisers now owns 122,576 shares of the technology company’s stock valued at $1,410,000 after acquiring an additional 17,615 shares during the period. Finally, Ellington Management Group LLC purchased a new position in LivePerson during the 4th quarter valued at $146,000. Hedge funds and other institutional investors own 77.18% of the company’s stock.

About LivePerson

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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