LivePerson (NASDAQ:LPSN) Sets New 1-Year High Following Analyst Upgrade

LivePerson, Inc. (NASDAQ:LPSN)’s share price reached a new 52-week high during trading on Wednesday after Benchmark raised their price target on the stock from $34.00 to $40.00. Benchmark currently has a buy rating on the stock. LivePerson traded as high as $33.25 and last traded at $32.72, with a volume of 28748 shares traded. The stock had previously closed at $32.59.

LPSN has been the subject of several other research reports. Zacks Investment Research downgraded shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target (up from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. Berenberg Bank set a €54.00 ($62.79) price target on shares of 1&1 Drillisch and gave the stock a “buy” rating in a research report on Thursday, May 16th. KeyCorp assumed coverage on shares of LivePerson in a research report on Thursday, July 11th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, BidaskClub cut shares of YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Sixteen research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $33.00.

In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total transaction of $447,904.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Monica L. Greenberg sold 23,601 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total value of $644,071.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,266 shares of company stock worth $1,242,075. Corporate insiders own 9.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LPSN. Oregon Public Employees Retirement Fund grew its stake in shares of LivePerson by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock valued at $656,000 after buying an additional 408 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in LivePerson by 787.9% during the first quarter. BNP Paribas Arbitrage SA now owns 13,540 shares of the technology company’s stock worth $393,000 after purchasing an additional 12,015 shares during the period. Pembroke Management LTD boosted its position in LivePerson by 15.9% during the first quarter. Pembroke Management LTD now owns 354,688 shares of the technology company’s stock worth $10,293,000 after purchasing an additional 48,650 shares during the period. New York State Common Retirement Fund boosted its position in LivePerson by 38.3% during the first quarter. New York State Common Retirement Fund now owns 491,888 shares of the technology company’s stock worth $14,275,000 after purchasing an additional 136,293 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of LivePerson by 12.9% during the fourth quarter. Deutsche Bank AG now owns 234,747 shares of the technology company’s stock worth $4,425,000 after buying an additional 26,907 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

The firm has a market cap of $2.13 billion, a P/E ratio of -142.91 and a beta of 1.08. The firm has a fifty day moving average of $29.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.75.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.06). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The business had revenue of $66.40 million for the quarter, compared to analyst estimates of $66.14 million. Research analysts predict that LivePerson, Inc. will post -0.52 EPS for the current year.

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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