Equities Analysts Offer Predictions for LivePerson, Inc.’s FY2020 Earnings (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN) – Investment analysts at KeyCorp issued their FY2020 earnings per share (EPS) estimates for shares of LivePerson in a report released on Monday, July 29th. KeyCorp analyst S. Enders forecasts that the technology company will post earnings of ($0.32) per share for the year. KeyCorp has a “Overweight” rating and a $39.00 price objective on the stock. KeyCorp also issued estimates for LivePerson’s FY2021 earnings at ($0.18) EPS.

LPSN has been the subject of several other research reports. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday. Benchmark reiterated a “buy” rating and set a $40.00 price target (up previously from $34.00) on shares of LivePerson in a research report on Wednesday. Berenberg Bank began coverage on shares of LivePerson in a research report on Thursday, May 16th. They set a “buy” rating and a $40.00 price target for the company. BidaskClub upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Finally, Needham & Company LLC lifted their price target on shares of LivePerson to $40.00 and gave the stock a “positive” rating in a research report on Thursday. Fifteen research analysts have rated the stock with a buy rating, LivePerson currently has an average rating of “Buy” and a consensus price target of $33.72.

Shares of NASDAQ:LPSN opened at $34.49 on Thursday. LivePerson has a one year low of $16.98 and a one year high of $33.44. The business’s 50 day simple moving average is $29.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market cap of $2.10 billion, a PE ratio of -149.96 and a beta of 1.08.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate 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.

In related news, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $27.71, for a total transaction of $447,904.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica L. Greenberg sold 4,352 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $27.08, for a total transaction of $117,852.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,266 shares of company stock valued at $1,242,075. Corporate insiders own 9.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of LPSN. Artisan Partners Limited Partnership grew its holdings in LivePerson by 87.0% during the first quarter. Artisan Partners Limited Partnership now owns 1,464,855 shares of the technology company’s stock valued at $42,510,000 after purchasing an additional 681,616 shares during the period. Granite Investment Partners LLC bought a new position in LivePerson in the first quarter valued at approximately $13,648,000. Millennium Management LLC lifted its stake in LivePerson by 576.4% in the fourth quarter. Millennium Management LLC now owns 518,954 shares of the technology company’s stock valued at $9,787,000 after buying an additional 442,231 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in LivePerson by 10.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 3,381,722 shares of the technology company’s stock valued at $98,138,000 after buying an additional 327,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in LivePerson in the fourth quarter valued at approximately $4,515,000. Hedge funds and other institutional investors own 83.66% 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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Earnings History and Estimates for LivePerson (NASDAQ:LPSN)

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