Analysts Set LivePerson, Inc. (LPSN) Price Target at $31.33

Shares of LivePerson, Inc. (NASDAQ:LPSN) have earned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.33.

LPSN has been the topic of a number of recent research reports. Barclays initiated coverage on LivePerson in a research report on Friday, March 8th. They set an “overweight” rating and a $27.45 price target on the stock. CIBC raised LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Thursday, January 24th. BidaskClub downgraded LivePerson from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of LivePerson in a research report on Friday, May 3rd.

In related news, EVP Monica L. Greenberg sold 1,424 shares of the firm’s stock in a transaction dated Saturday, March 16th. The stock was sold at an average price of $28.82, for a total transaction of $41,039.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alexander Spinelli sold 15,080 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.30, for a total value of $411,684.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,563 shares of company stock worth $717,974. 11.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Ironwood Investment Management LLC boosted its position in LivePerson by 75.7% during the first quarter. Ironwood Investment Management LLC now owns 22,297 shares of the technology company’s stock valued at $647,000 after purchasing an additional 9,609 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in LivePerson by 6.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 14,836 shares of the technology company’s stock valued at $431,000 after purchasing an additional 942 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in LivePerson by 8.5% during the first quarter. Great West Life Assurance Co. Can now owns 79,821 shares of the technology company’s stock valued at $2,315,000 after purchasing an additional 6,220 shares in the last quarter. New York State Common Retirement Fund boosted its position in LivePerson by 38.3% during the first quarter. New York State Common Retirement Fund now owns 491,888 shares of the technology company’s stock valued at $14,275,000 after purchasing an additional 136,293 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in LivePerson by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock valued at $656,000 after buying an additional 408 shares during the last quarter. 79.29% of the stock is currently owned by institutional investors.

LPSN opened at $28.30 on Monday. LivePerson has a 12-month low of $16.98 and a 12-month high of $30.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.19 and a current ratio of 2.75. The firm has a market cap of $1.83 billion, a PE ratio of -123.04 and a beta of 1.15.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The firm had revenue of $65.72 million for the quarter, compared to the consensus estimate of $64.91 million. On average, equities analysts expect that LivePerson will post -0.88 EPS for the current year.

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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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