LivePerson (NASDAQ:LPSN) Downgraded by ValuEngine to “Hold”

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LivePerson (NASDAQ:LPSN) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. started coverage on LivePerson in a report on Wednesday, November 27th. They issued a “neutral” rating and a $40.00 price objective for the company. Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Needham & Company LLC increased their price objective on LivePerson from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Benchmark increased their price objective on LivePerson from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Barclays reiterated a “buy” rating and issued a $49.00 price objective on shares of LivePerson in a report on Sunday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $39.54.

NASDAQ LPSN opened at $37.93 on Tuesday. LivePerson has a fifty-two week low of $17.16 and a fifty-two week high of $42.85. 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 stock has a 50 day simple moving average of $38.73 and a two-hundred day simple moving average of $34.59. The stock has a market cap of $2.63 billion, a P/E ratio of -164.91 and a beta of 1.03.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the 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 business had revenue of $75.18 million during the quarter, compared to analysts’ expectations of $74.69 million. During the same quarter last year, the business posted $0.09 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that LivePerson will post -1.22 earnings per share for the current year.

In other news, EVP Monica L. Greenberg sold 2,284 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total value of $84,941.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daryl Carlough sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $38.49, for a total value of $384,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,390 shares of company stock valued at $474,140. 9.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in LivePerson by 1.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the technology company’s stock valued at $803,000 after buying an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in LivePerson by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,995 shares of the technology company’s stock valued at $645,000 after buying an additional 400 shares in the last quarter. Envestnet Asset Management Inc. increased its position in LivePerson by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,431 shares of the technology company’s stock valued at $372,000 after buying an additional 408 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in LivePerson by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 54,445 shares of the technology company’s stock valued at $1,527,000 after buying an additional 630 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in LivePerson by 3.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,280 shares of the technology company’s stock valued at $653,000 after buying an additional 690 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

LivePerson Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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