KeyCorp Increases LivePerson (NASDAQ:LPSN) Price Target to $45.00

LivePerson (NASDAQ:LPSN) had its target price increased by research analysts at KeyCorp from $39.00 to $45.00 in a report released on Tuesday, The Fly reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target would indicate a potential upside of 11.44% from the company’s current price.

LPSN has been the topic of a number of other reports. Jefferies Financial Group increased their price target on LivePerson to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. BidaskClub upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC increased their price target on LivePerson to $40.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Oppenheimer increased their price target on LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Berenberg Bank assumed coverage on LivePerson in a research report on Thursday, May 16th. They set a “buy” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.13.

Shares of LPSN opened at $40.38 on Tuesday. LivePerson has a 1 year low of $16.98 and a 1 year high of $40.44. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $33.47 and a 200-day simple moving average of $29.36. The stock has a market cap of $2.52 billion, a PE ratio of -175.57 and a beta of 1.14.



LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.11). LivePerson had a negative return on equity of 22.65% and a negative net margin of 21.09%. The company had revenue of $71.00 million during the quarter, compared to analyst estimates of $70.16 million. During the same period in the previous year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that LivePerson will post -0.72 EPS for the current fiscal year.

In other LivePerson news, EVP Monica L. Greenberg sold 4,352 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $27.08, for a total value of $117,852.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Lavan sold 15,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.40, for a total value of $486,000.00. Following the completion of the transaction, the director now owns 21,000 shares in the company, valued at $680,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,266 shares of company stock worth $1,728,075. 9.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in LivePerson by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock valued at $656,000 after buying an additional 408 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in LivePerson by 787.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,540 shares of the technology company’s stock valued at $393,000 after buying an additional 12,015 shares during the last quarter. New York State Common Retirement Fund boosted its position in LivePerson by 38.3% in the 1st quarter. New York State Common Retirement Fund now owns 491,888 shares of the technology company’s stock valued at $14,275,000 after buying an additional 136,293 shares during the last quarter. Deutsche Bank AG boosted its position in LivePerson by 12.9% in the 4th quarter. Deutsche Bank AG now owns 234,747 shares of the technology company’s stock valued at $4,425,000 after buying an additional 26,907 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in LivePerson in the 1st quarter valued at $580,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.

About LivePerson

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.

See Also: What is operating income?

The Fly

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.