According to Zacks, “LivePerson, Inc. is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers. LivePerson opens the new click-to-message ad extension to larger companies by adding three important dimensions. First, it tracks and distributes ad responses to teams that may be across geographies – essential for an ad campaign at a larger scale – and measures the results. LivePerson provides an optional, pay-for-performance team of people who can answer these SMS conversations and can handle many queries itself, or transfer them to in-house representatives where needed. LivePerson enables brands to manage message conversations from many media and communications channels in one solution and one workforce. This lets large advertisers scale without staffing pains, and has been shown to improve conversion rates when deployed. “
A number of other equities analysts have also weighed in on LPSN. Benchmark reiterated a buy rating and set a $120.00 target price (up previously from $115.00) on shares of Nexstar Media Group in a research report on Thursday, March 21st. Needham & Company LLC reiterated a buy rating and set a $200.00 target price (up previously from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. Piper Jaffray Companies increased their target price on shares of Apple to $201.00 and gave the stock an overweight rating in a research report on Monday, March 25th. BidaskClub lowered shares of Amyris from a hold rating to a sell rating in a research report on Thursday, June 27th. Finally, Berenberg Bank set a €54.00 ($62.79) target price on shares of 1&1 Drillisch and gave the stock a buy rating in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $32.27.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). The business had revenue of $66.40 million for the quarter, compared to the consensus estimate of $66.14 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. Analysts predict that LivePerson will post -0.52 EPS for the current fiscal year.
In other news, CFO Christopher E. Greiner sold 5,033 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $29.66, for a total value of $149,278.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 4,352 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $27.08, for a total transaction of $117,852.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,611 shares of company stock worth $1,400,179. Insiders own 9.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Neuburgh Advisers LLC lifted its holdings in shares of LivePerson by 159.3% in the fourth quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after buying an additional 5,258 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of LivePerson in the first quarter worth about $236,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of LivePerson in the first quarter worth about $242,000. Flinton Capital Management LLC lifted its holdings in shares of LivePerson by 159.3% in the fourth quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock worth $249,000 after buying an additional 8,126 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in LivePerson in the first quarter valued at approximately $276,000. 83.96% of the stock is currently owned by hedge funds and other institutional investors.
LivePerson Company Profile
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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