LivePerson (NASDAQ:LPSN) Shares Up 5.1%

Shares of LivePerson, Inc. (NASDAQ:LPSN) shot up 5.1% during mid-day trading on Friday . The company traded as high as $38.39 and last traded at $38.32, 920,000 shares traded hands during trading. An increase of 35% from the average session volume of 681,539 shares. The stock had previously closed at $36.47.

A number of brokerages have issued reports on LPSN. Needham & Company LLC upped their price objective on LivePerson from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, September 20th. William Blair began coverage on LivePerson in a research report on Friday. They set an “outperform” rating on the stock. KeyCorp upped their price objective on LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Jefferies Financial Group upped their price objective on LivePerson to $45.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Northland Securities set a $45.00 price objective on LivePerson and gave the company a “buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.50.

The firm has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $33.78. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.19 and a quick ratio of 2.41. The stock has a market capitalization of $2.41 billion, a PE ratio of -166.61 and a beta of 1.03.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02). LivePerson had a negative return on equity of 33.89% and a negative net margin of 27.03%. The firm had revenue of $75.18 million for the quarter, compared to analyst estimates of $74.69 million. During the same period in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. On average, research analysts expect that LivePerson, Inc. will post -1.22 earnings per share for the current fiscal year.

In other LivePerson news, EVP Monica L. Greenberg sold 2,284 shares of LivePerson stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total transaction of $84,941.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rational Advisors LLC acquired a new stake in LivePerson during the 3rd quarter worth about $735,000. D.A. Davidson & CO. purchased a new position in shares of LivePerson during the 3rd quarter valued at about $814,000. Mason Street Advisors LLC raised its stake in shares of LivePerson by 3.9% during the 3rd quarter. Mason Street Advisors LLC now owns 20,693 shares of the technology company’s stock valued at $739,000 after buying an additional 779 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of LivePerson during the 3rd quarter valued at about $73,000. Finally, SG Americas Securities LLC purchased a new position in shares of LivePerson during the 3rd quarter valued at about $5,869,000. 87.49% of the stock is owned by institutional investors.

LivePerson Company Profile (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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