LivePerson (LPSN) Scheduled to Post Earnings on Wednesday

LivePerson (NASDAQ:LPSN) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect LivePerson to post earnings of ($0.13) per share for the quarter. LivePerson has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). LivePerson had a negative return on equity of 47.71% and a negative net margin of 24.99%. The firm had revenue of $95.47 million during the quarter, compared to the consensus estimate of $95.54 million.

LivePerson Stock Up 1.7 %

LivePerson stock opened at $0.58 on Monday. LivePerson has a 12-month low of $0.45 and a 12-month high of $6.41. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.63. The stock has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $2.29.

Analyst Upgrades and Downgrades

Several brokerages have commented on LPSN. Roth Capital cut shares of LivePerson from a “buy” rating to a “neutral” rating in a research report on Thursday, February 29th. Mizuho dropped their target price on LivePerson from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. B. Riley dropped their price target on shares of LivePerson from $3.75 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Loop Capital reduced their target price on LivePerson from $3.00 to $1.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Finally, StockNews.com assumed coverage on shares of LivePerson in a research note on Wednesday, May 1st. They set a “sell” rating for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.58.

Insider Activity

In related news, Director William Wesemann acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 374,835 shares of the company’s stock, valued at $374,835. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director William Wesemann acquired 100,000 shares of LivePerson stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of $1.00 per share, with a total value of $100,000.00. Following the transaction, the director now owns 374,835 shares of the company’s stock, valued at approximately $374,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $0.51, for a total value of $33,572.28. Following the completion of the transaction, the executive vice president now owns 120,047 shares of the company’s stock, valued at approximately $61,223.97. The disclosure for this sale can be found here. Insiders have sold 73,662 shares of company stock valued at $40,411 in the last ninety days. 2.00% of the stock is owned by company insiders.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.