LivePerson, Inc. (NASDAQ:LPSN) Expected to Announce Earnings of -$0.14 Per Share


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Wall Street analysts predict that LivePerson, Inc. (NASDAQ:LPSN) will post ($0.14) earnings per share for the current quarter, according to Zacks. Seven analysts have provided estimates for LivePerson’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.21). LivePerson reported earnings per share of ($0.18) during the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The company is scheduled to report its next earnings report after the market closes on Tuesday, May 4th.

On average, analysts expect that LivePerson will report full year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.66) to $0.03. For the next fiscal year, analysts expect that the business will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.27) to $0.15. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover LivePerson.

LivePerson (NASDAQ:LPSN) last announced its earnings results on Thursday, February 25th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.05. The firm had revenue of $102.13 million during the quarter, compared to analyst estimates of $99.15 million. LivePerson had a negative return on equity of 60.48% and a negative net margin of 35.41%.

A number of research analysts have recently weighed in on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of LivePerson in a research report on Wednesday, March 31st. They set a “buy” rating and a $76.00 target price for the company. Jefferies Financial Group lowered LivePerson from a “buy” rating to a “hold” rating and increased their price objective for the company from $55.00 to $65.00 in a report on Monday, January 11th. KeyCorp raised their target price on LivePerson from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 19th. Roth Capital upped their price target on LivePerson from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 26th. They noted that the move was a valuation call. Finally, TheStreet lowered LivePerson from a “c-” rating to a “d+” rating in a report on Wednesday, March 24th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. LivePerson currently has a consensus rating of “Buy” and a consensus price target of $71.07.

In related news, EVP Alexander Spinelli sold 18,398 shares of the firm’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $65.27, for a total value of $1,200,837.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Daryl Carlough sold 2,061 shares of LivePerson stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $70.72, for a total transaction of $145,753.92. The disclosure for this sale can be found here. Insiders have sold 70,966 shares of company stock valued at $4,378,789 in the last three months. 10.70% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in LPSN. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LivePerson by 26.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,147 shares of the technology company’s stock valued at $535,000 after acquiring an additional 2,118 shares during the last quarter. EULAV Asset Management boosted its holdings in shares of LivePerson by 61.9% in the 1st quarter. EULAV Asset Management now owns 47,100 shares of the technology company’s stock worth $2,484,000 after purchasing an additional 18,000 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of LivePerson by 18.0% during the 1st quarter. Handelsbanken Fonder AB now owns 262,400 shares of the technology company’s stock valued at $13,839,000 after purchasing an additional 40,000 shares during the last quarter. NN Investment Partners Holdings N.V. raised its holdings in shares of LivePerson by 914.3% during the 1st quarter. NN Investment Partners Holdings N.V. now owns 21,300 shares of the technology company’s stock valued at $1,123,000 after buying an additional 19,200 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in LivePerson by 33.9% in the 1st quarter. Fisher Asset Management LLC now owns 103,552 shares of the technology company’s stock worth $5,461,000 after buying an additional 26,244 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

NASDAQ LPSN traded down $2.69 during trading hours on Tuesday, reaching $50.95. 73,380 shares of the company were exchanged, compared to its average volume of 838,034. The stock has a market capitalization of $3.51 billion, a P/E ratio of -27.39 and a beta of 1.34. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.51. LivePerson has a 1 year low of $21.68 and a 1 year high of $72.23. The business’s 50 day simple moving average is $55.21 and its 200-day simple moving average is $59.54.

About LivePerson

LivePerson, Inc, together with its subsidiaries, 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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