LivePerson (LPSN) Releases Earnings Results, Hits Estimates

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LivePerson (NASDAQ:LPSN) posted its quarterly earnings results on Thursday. The technology company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03), Morningstar.com reports. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The company had revenue of $64.21 million during the quarter, compared to analysts’ expectations of $62.55 million. During the same quarter in the previous year, the firm earned $0.05 EPS. LivePerson’s revenue was up 13.7% on a year-over-year basis.

LPSN traded down $2.18 on Friday, reaching $21.06. The stock had a trading volume of 1,175,639 shares, compared to its average volume of 440,739. LivePerson has a fifty-two week low of $10.80 and a fifty-two week high of $27.40. The stock has a market cap of $1.42 billion, a PE ratio of -350.92 and a beta of 1.27.

A number of research firms have recently commented on LPSN. BidaskClub raised LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. B. Riley boosted their price target on LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Needham & Company LLC boosted their price target on LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Roth Capital boosted their price target on LivePerson to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. LivePerson has an average rating of “Buy” and an average target price of $27.17.

In other LivePerson news, insider Eran Vanounou sold 6,875 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $22.80, for a total value of $156,750.00. Following the completion of the transaction, the insider now owns 20,625 shares of the company’s stock, valued at approximately $470,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Monica L. Greenberg sold 36,723 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $22.03, for a total value of $809,007.69. Following the completion of the transaction, the executive vice president now directly owns 31,604 shares of the company’s stock, valued at approximately $696,236.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,854 shares of company stock valued at $1,105,304. Insiders own 11.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in LivePerson by 7.2% in the 3rd quarter. FMR LLC now owns 3,791,378 shares of the technology company’s stock worth $98,386,000 after purchasing an additional 255,264 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in LivePerson in the 3rd quarter worth about $846,000. BlackRock Inc. increased its holdings in LivePerson by 8.2% in the 3rd quarter. BlackRock Inc. now owns 8,453,719 shares of the technology company’s stock worth $219,373,000 after purchasing an additional 639,267 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in LivePerson by 9.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 770,002 shares of the technology company’s stock worth $19,982,000 after purchasing an additional 67,371 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in LivePerson in the 3rd quarter worth about $211,000. 80.31% of the stock is owned by institutional investors and hedge funds.

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LivePerson Company Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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Earnings History for LivePerson (NASDAQ:LPSN)

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