LivePerson (NASDAQ:LPSN) Trading Up 6.1%

LivePerson, Inc. (NASDAQ:LPSN) shares were up 6.1% during trading on Thursday . The company traded as high as $38.38 and last traded at $38.24, approximately 899,068 shares were traded during mid-day trading. An increase of 31% from the average daily volume of 685,070 shares. The stock had previously closed at $36.04.

A number of research analysts recently commented on LPSN shares. Craig Hallum upped their price target on shares of LivePerson from $34.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. Oppenheimer upped their price target on shares of LivePerson from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. KeyCorp boosted their price objective on shares of LivePerson from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Berenberg Bank started coverage on shares of LivePerson in a report on Thursday, May 16th. They issued a “buy” rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.73.

The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $2.36 billion, a P/E ratio of -166.26 and a beta of 1.14. The stock’s fifty day simple moving average is $32.13 and its 200-day simple moving average is $29.00.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data 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). The business had revenue of $71.00 million during the quarter, compared to the consensus estimate of $70.16 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities research analysts forecast that LivePerson, Inc. will post -0.71 earnings per share for the current year.

In other news, SVP Daryl Carlough sold 16,164 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $27.71, for a total transaction of $447,904.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 23,601 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total transaction of $644,071.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,266 shares of company stock valued at $1,728,075. 9.70% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of LPSN. Artisan Partners Limited Partnership lifted its holdings in shares of LivePerson by 87.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock worth $42,510,000 after acquiring an additional 681,616 shares during the period. BlackRock Inc. lifted its holdings in shares of LivePerson by 6.4% during the 2nd quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock worth $258,941,000 after acquiring an additional 556,214 shares during the period. Granite Investment Partners LLC bought a new stake in shares of LivePerson during the 1st quarter worth approximately $13,648,000. Altshuler Shaham Ltd lifted its holdings in shares of LivePerson by 887.0% during the 2nd quarter. Altshuler Shaham Ltd now owns 483,528 shares of the technology company’s stock worth $13,776,000 after acquiring an additional 434,538 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of LivePerson by 10.7% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock worth $98,138,000 after acquiring an additional 327,580 shares during the period. 84.07% of the stock is owned by institutional investors.

About LivePerson (NASDAQ:LPSN)

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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