BidaskClub Downgrades LivePerson (NASDAQ:LPSN) to Hold

BidaskClub lowered shares of LivePerson (NASDAQ:LPSN) from a buy rating to a hold rating in a report published on Friday, September 27th, BidAskClub reports.

LPSN has been the topic of a number of other research reports. Craig Hallum boosted their price objective on LivePerson from $34.00 to $45.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Zacks Investment Research cut LivePerson from a buy rating to a sell rating in a research note on Wednesday, August 7th. Northland Securities set a $45.00 price target on LivePerson and gave the stock a buy rating in a research note on Wednesday, September 18th. Needham & Company LLC upped their price objective on LivePerson from $40.00 to $45.00 and gave the company a buy rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group upped their price objective on LivePerson to $45.00 and gave the company a buy rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $38.04.

Shares of NASDAQ LPSN traded up $0.97 during trading on Friday, reaching $38.64. The company had a trading volume of 408,527 shares, compared to its average volume of 569,564. The stock has a market capitalization of $2.53 billion, a PE ratio of -168.00 and a beta of 1.03. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.06. LivePerson has a twelve month low of $16.98 and a twelve month high of $41.00. The stock has a 50-day moving average price of $37.91 and a two-hundred day moving average price of $32.09.

LivePerson (NASDAQ:LPSN) last posted its quarterly 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). The firm had revenue of $71.00 million for the quarter, compared to analysts’ expectations of $70.16 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. LivePerson’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. On average, sell-side analysts predict that LivePerson will post -0.72 EPS for the current year.

In related news, Director Kevin Lavan sold 15,000 shares of the stock in a transaction dated 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 sale, the director now owns 21,000 shares in the company, valued at $680,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Monica L. Greenberg sold 2,284 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total transaction of $84,941.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,390 shares of company stock worth $574,423. 9.70% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of LivePerson by 269.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,048 shares of the technology company’s stock valued at $29,000 after acquiring an additional 764 shares during the last quarter. US Bancorp DE increased its holdings in shares of LivePerson by 111.2% in the second quarter. US Bancorp DE now owns 2,203 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,160 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in LivePerson during the 2nd quarter worth $101,000. V Wealth Advisors LLC acquired a new stake in LivePerson during the 2nd quarter worth $213,000. Finally, Ardsley Advisory Partners LP acquired a new stake in LivePerson during the 2nd quarter worth $224,000. Institutional investors own 87.72% 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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