LivePerson (NASDAQ:LPSN) had its target price upped by Needham & Company LLC from $40.00 to $45.00 in a report released on Friday morning, The Fly reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.
Several other research analysts also recently commented on LPSN. BidaskClub downgraded LivePerson from a strong-buy rating to a buy rating in a research note on Tuesday, September 10th. Jefferies Financial Group increased their target price on LivePerson to $45.00 and gave the stock a buy rating in a research report on Friday, August 9th. Oppenheimer increased their target price on LivePerson from $35.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Benchmark reiterated a buy rating and set a $40.00 target price (up previously from $34.00) on shares of LivePerson in a research report on Wednesday, July 31st. Finally, Craig Hallum increased their target price on LivePerson from $34.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $37.00.
NASDAQ LPSN opened at $37.78 on Friday. The stock’s 50-day moving average price is $38.19 and its 200-day moving average price is $31.35. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.06. LivePerson has a 52 week low of $16.98 and a 52 week high of $41.00. The company has a market capitalization of $2.52 billion, a P/E ratio of -164.26 and a beta of 1.06.
In related news, Director Kevin Lavan sold 15,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.40, for a total transaction of $486,000.00. Following the completion of the sale, the director now owns 21,000 shares in the company, valued at $680,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP purchased a new position in LivePerson during the 2nd quarter valued at approximately $1,430,000. Nomura Holdings Inc. purchased a new position in LivePerson during the 2nd quarter valued at approximately $1,109,000. BlackRock Inc. grew its holdings in LivePerson by 6.4% during the 2nd quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock valued at $258,941,000 after buying an additional 556,214 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in LivePerson during the 2nd quarter valued at approximately $11,124,000. Finally, Royal Bank of Canada grew its holdings in LivePerson by 73,133.8% during the 2nd quarter. Royal Bank of Canada now owns 147,200 shares of the technology company’s stock valued at $4,127,000 after buying an additional 146,999 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.
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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