LivePerson (NASDAQ:LPSN) Now Covered by Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of LivePerson (NASDAQ:LPSN) in a report issued on Wednesday, The Fly reports. The firm set a “neutral” rating and a $40.00 price target on the technology company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.35% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Benchmark lifted their target price on LivePerson from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their target price on LivePerson to $45.00 and gave the company a “buy” rating in a research report on Friday, August 9th. KeyCorp lifted their target price on LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Barclays restated a “buy” rating and issued a $49.00 price objective on shares of LivePerson in a research report on Sunday, November 3rd. Finally, ValuEngine upgraded LivePerson from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.54.

NASDAQ LPSN opened at $37.26 on Wednesday. The company has a market capitalization of $2.54 billion, a PE ratio of -162.00 and a beta of 1.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.19 and a current ratio of 2.19. The business’s fifty day moving average is $38.31 and its 200 day moving average is $33.96. LivePerson has a fifty-two week low of $16.98 and a fifty-two week high of $42.85.

LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.02). The company had revenue of $75.18 million for the quarter, compared to analysts’ expectations of $74.69 million. LivePerson had a negative net margin of 27.03% and a negative return on equity of 33.89%. LivePerson’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, sell-side analysts forecast that LivePerson will post -1.22 EPS for the current year.

In other news, EVP Monica L. Greenberg sold 2,284 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total value of $84,941.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.70% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of LPSN. BlackRock Inc. lifted its position in shares of LivePerson by 6.4% in the second quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock worth $258,941,000 after buying an additional 556,214 shares in the last quarter. Altshuler Shaham Ltd increased its stake in LivePerson by 887.0% during the second quarter. Altshuler Shaham Ltd now owns 483,528 shares of the technology company’s stock worth $13,776,000 after acquiring an additional 434,538 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in LivePerson during the second quarter worth approximately $11,124,000. Granite Investment Partners LLC increased its stake in LivePerson by 81.0% during the second quarter. Granite Investment Partners LLC now owns 851,453 shares of the technology company’s stock worth $23,875,000 after acquiring an additional 381,159 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in LivePerson during the second quarter worth approximately $9,120,000. Institutional investors own 85.71% of the company’s stock.

About LivePerson

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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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