LivePerson (LPSN) Issues Q4 2018 Earnings Guidance

LivePerson (NASDAQ:LPSN) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $0.01-0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07. The company issued revenue guidance of $63.9-65.9 million, compared to the consensus revenue estimate of $64.08 million.LivePerson also updated its FY 2018 guidance to $0.05-0.07 EPS.

NASDAQ:LPSN traded down $2.18 during trading hours on Friday, reaching $21.06. 1,174,654 shares of the company traded hands, compared to its average volume of 461,460. The stock has a market cap of $1.35 billion, a PE ratio of -350.92 and a beta of 1.27. LivePerson has a 1-year low of $10.80 and a 1-year high of $27.40.

LivePerson (NASDAQ:LPSN) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $64.21 million for the quarter, compared to analysts’ expectations of $62.55 million. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. LivePerson’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, equities analysts anticipate that LivePerson will post -0.08 EPS for the current year.

LPSN has been the topic of a number of analyst reports. BidaskClub upgraded LivePerson from a buy rating to a strong-buy rating in a report on Tuesday, August 21st. LADENBURG THALM/SH SH restated a buy rating and set a $27.00 price objective on shares of LivePerson in a report on Friday. Zacks Investment Research cut LivePerson from a hold rating to a sell rating in a report on Thursday, October 11th. B. Riley raised their price objective on LivePerson from $19.25 to $31.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Finally, Needham & Company LLC raised their price objective on LivePerson from $20.00 to $28.00 and gave the stock a buy rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. LivePerson has a consensus rating of Buy and an average price target of $27.00.

In related news, EVP Monica L. Greenberg sold 36,723 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $22.03, for a total value of $809,007.69. Following the transaction, the executive vice president now directly owns 31,604 shares of the company’s stock, valued at approximately $696,236.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daryl Carlough sold 1,223 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $26.55, for a total value of $32,470.65. Following the completion of the transaction, the senior vice president now directly owns 12,719 shares in the company, valued at $337,689.45. The disclosure for this sale can be found here. Insiders have sold 48,854 shares of company stock worth $1,105,304 in the last 90 days. Insiders own 11.50% of the company’s stock.

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About LivePerson

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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