LivePerson Inc. (LPSN) Updates FY16 Earnings Guidance

LivePerson Inc. (NASDAQ:LPSN) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.08)-$0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $221-225 million, compared to the consensus revenue estimate of $232.02 million.LivePerson also updated its Q3 guidance to ($0.03)-($0.01) EPS.

LivePerson Inc. (NASDAQ:LPSN) traded up 1.82% on Wednesday, reaching $7.82. 438,075 shares of the company’s stock traded hands. The stock’s market capitalization is $449.10 million. The firm has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.07. LivePerson Inc. has a 52 week low of $3.74 and a 52 week high of $10.08.

LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. During the same quarter last year, the business earned $0.02 EPS. The firm earned $56.70 million during the quarter, compared to analysts’ expectations of $56.70 million. LivePerson’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts predict that LivePerson Inc. will post $0.07 earnings per share for the current year.

A number of brokerages have issued reports on LPSN. Benchmark Co. raised their price objective on LivePerson from $5.00 to $6.00 and gave the stock a hold rating in a research report on Thursday, May 5th. Zacks Investment Research cut LivePerson from a buy rating to a hold rating in a report on Wednesday, April 27th. Finally, Roth Capital upgraded LivePerson from a neutral rating to a buy rating and set a $10.00 target price for the company in a report on Thursday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. LivePerson has an average rating of Buy and a consensus target price 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.