LivePerson’s (LPSN) “Buy” Rating Reiterated at LADENBURG THALM/SH SH

LivePerson (NASDAQ:LPSN)‘s stock had its “buy” rating restated by LADENBURG THALM/SH SH in a note issued to investors on Friday. They presently have a $27.00 price objective on the technology company’s stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 28.24% from the company’s current price.

Several other research firms have also issued reports on LPSN. BidaskClub raised LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. B. Riley increased their target price on LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Needham & Company LLC increased their target price on LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Roth Capital increased their target price on LivePerson to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. LivePerson has an average rating of “Buy” and an average target price of $27.17.

LPSN opened at $21.06 on Friday. LivePerson has a 52-week low of $10.80 and a 52-week high of $27.40.

LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, November 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $64.21 million for the quarter, compared to analyst estimates of $62.55 million. LivePerson had a negative return on equity of 5.48% and a negative net margin of 9.21%. LivePerson’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. Sell-side analysts anticipate that LivePerson will post -0.08 earnings per share for the current year.

In related news, EVP Monica L. Greenberg sold 1,466 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $38,922.30. Following the completion of the sale, the executive vice president now directly owns 39,849 shares in the company, valued at approximately $1,057,990.95. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Daryl Carlough sold 1,223 shares of the company’s 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 sale, the senior vice president now owns 12,719 shares of the company’s stock, valued at $337,689.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,854 shares of company stock valued at $1,105,304. 11.50% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in shares of LivePerson during the 3rd quarter worth $10,086,000. Sei Investments Co. lifted its position in shares of LivePerson by 143,620.0% during the 2nd quarter. Sei Investments Co. now owns 50,302 shares of the technology company’s stock worth $1,062,000 after buying an additional 50,267 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of LivePerson during the 2nd quarter worth $16,735,000. Rhumbline Advisers lifted its position in shares of LivePerson by 7.5% during the 2nd quarter. Rhumbline Advisers now owns 134,848 shares of the technology company’s stock worth $2,845,000 after buying an additional 9,400 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of LivePerson during the 2nd quarter worth $1,285,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

LivePerson Company Profile

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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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