LivePerson (NASDAQ:LPSN) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

LivePerson (NASDAQ:LPSN) released its quarterly earnings results on Wednesday. The technology company reported ($0.73) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.06, FiscalAI reports. The company had revenue of $56.96 million for the quarter, compared to analysts’ expectations of $53.74 million.

LivePerson Stock Down 0.5%

Shares of NASDAQ:LPSN opened at $1.93 on Friday. The business’s 50 day moving average is $2.21 and its 200 day moving average is $2.85. The stock has a market cap of $23.51 million, a P/E ratio of -0.19 and a beta of 1.34. LivePerson has a 52-week low of $1.80 and a 52-week high of $21.60.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LivePerson in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of LivePerson by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company’s stock worth $2,233,000 after purchasing an additional 100,727 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in LivePerson in the third quarter worth approximately $1,849,000. Marshall Wace LLP purchased a new stake in LivePerson during the fourth quarter worth $788,000. Aequim Alternative Investments LP bought a new stake in LivePerson during the 4th quarter valued at $469,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of LivePerson during the 4th quarter worth $253,000. 79.83% of the stock is currently owned by institutional investors.

LivePerson Company Profile

LivePerson, Inc is a technology company that develops conversational commerce and customer engagement software powered by artificial intelligence. Its platform enables businesses to connect with consumers through real-time messaging channels, transforming customer support and sales operations into interactive experiences. The company’s solutions are designed to reduce friction, boost consumer satisfaction and drive higher conversion rates by merging automated and human-assisted interactions.

The company’s flagship offering, the LiveEngage platform, provides enterprise-grade tools for managing live chat, chatbots and AI-driven virtual assistants across multiple channels.