LivePerson Inc. (NASDAQ:LPSN) issued its quarterly earnings data on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.03. During the same period last year, the business earned $0.02 EPS. The business had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.70 million. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. LivePerson updated its Q3 guidance to ($0.03)-($0.01) EPS and its FY16 guidance to ($0.08)-$0.03) EPS.
Shares of LivePerson (NASDAQ:LPSN) traded up 1.82% during midday trading on Wednesday, hitting $7.82. 438,075 shares of the company traded hands. The stock’s market capitalization is $449.10 million. The stock has a 50 day moving average of $6.95 and a 200-day moving average of $6.07. LivePerson has a 52 week low of $3.74 and a 52 week high of $10.08.
Several brokerages have weighed in on LPSN. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, April 26th. Benchmark Co. raised their target price on shares of LivePerson from $5.00 to $6.00 and gave the company a “hold” rating in a report on Thursday, May 5th. Finally, Roth Capital raised shares of LivePerson from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, May 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $9.25.
LivePerson, Inc (Liveperson) is a provider of digital engagement solutions offering a cloud-based platform. The Company’s platform enables businesses to connect with consumers through chat, voice, and content delivery, across multiple channels and screens, including Websites, social media, tablets and mobile devices.
