LivePerson (NASDAQ:LPSN) Downgraded by BidaskClub to Buy

BidaskClub lowered shares of LivePerson (NASDAQ:LPSN) from a strong-buy rating to a buy rating in a report published on Friday, BidAskClub reports.

A number of other research firms have also weighed in on LPSN. Craig Hallum upped their price objective on LivePerson from $60.00 to $70.00 and gave the stock a buy rating in a research note on Friday, October 30th. Needham & Company LLC increased their price target on LivePerson from $60.00 to $65.00 and gave the company a buy rating in a research note on Friday, October 30th. Zacks Investment Research lowered LivePerson from a buy rating to a hold rating in a research note on Saturday, October 31st. B. Riley increased their price target on LivePerson from $66.00 to $72.00 and gave the company a buy rating in a research note on Friday, October 30th. Finally, Mizuho increased their price target on LivePerson from $65.00 to $75.00 and gave the company a buy rating in a research note on Friday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. LivePerson currently has a consensus rating of Buy and an average price target of $60.33.

NASDAQ LPSN opened at $62.23 on Friday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -33.46 and a beta of 1.38. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $58.00 and a 200-day moving average price of $52.43. LivePerson has a twelve month low of $14.08 and a twelve month high of $68.55.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, October 29th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.14. The firm had revenue of $94.80 million during the quarter, compared to analyst estimates of $92.67 million. LivePerson had a negative return on equity of 60.48% and a negative net margin of 35.41%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Research analysts expect that LivePerson will post -1.09 EPS for the current fiscal year.

In other news, SVP Daryl Carlough sold 2,735 shares of the stock in a transaction that occurred on Tuesday, December 22nd. The stock was sold at an average price of $67.50, for a total value of $184,612.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John Deneen Collins sold 504 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $53.47, for a total value of $26,948.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 401,829 shares of company stock worth $22,871,195. Company insiders own 10.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gagnon Securities LLC grew its stake in LivePerson by 4.1% in the second quarter. Gagnon Securities LLC now owns 10,196 shares of the technology company’s stock worth $422,000 after purchasing an additional 400 shares in the last quarter. Van ECK Associates Corp grew its stake in LivePerson by 2.1% in the third quarter. Van ECK Associates Corp now owns 20,922 shares of the technology company’s stock worth $1,088,000 after purchasing an additional 436 shares in the last quarter. Truist Financial Corp grew its stake in LivePerson by 3.1% in the third quarter. Truist Financial Corp now owns 14,976 shares of the technology company’s stock worth $778,000 after purchasing an additional 453 shares in the last quarter. American International Group Inc. grew its stake in LivePerson by 1.2% in the second quarter. American International Group Inc. now owns 43,160 shares of the technology company’s stock worth $1,788,000 after purchasing an additional 494 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in LivePerson by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,195 shares of the technology company’s stock worth $1,310,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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