LivePerson (NASDAQ:LPSN) Posts Earnings Results, Beats Expectations By $0.23 EPS

LivePerson (NASDAQ:LPSN) posted its quarterly earnings results on Thursday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.23, Fidelity Earnings reports. The business had revenue of $79.07 million during the quarter, compared to analyst estimates of $78.71 million. LivePerson had a negative net margin of 27.03% and a negative return on equity of 33.89%. LivePerson updated its FY 2020
After-Hours guidance to -1.64–1.54 EPS and its Q1 2020
After-Hours guidance to -0.53–0.51 EPS.

LPSN traded down $11.02 during midday trading on Friday, hitting $33.96. 7,655,057 shares of the company’s stock traded hands, compared to its average volume of 808,702. The company has a market cap of $2.96 billion, a PE ratio of -28.07 and a beta of 0.87. The stock’s fifty day simple moving average is $40.72 and its 200-day simple moving average is $38.62. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.19 and a quick ratio of 2.19. LivePerson has a one year low of $25.15 and a one year high of $45.21.

In other LivePerson news, Director Kevin Lavan sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $37.37, for a total transaction of $747,400.00. Following the transaction, the director now owns 26,000 shares in the company, valued at $971,620. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter Block sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the transaction, the director now owns 16,000 shares in the company, valued at approximately $720,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,123 shares of company stock worth $2,487,420. Insiders own 9.70% of the company’s stock.

A number of analysts have recently issued reports on LPSN shares. ValuEngine lowered shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barclays reaffirmed a “buy” rating and set a $49.00 price objective on shares of LivePerson in a research report on Sunday, November 3rd. William Blair began coverage on shares of LivePerson in a research report on Friday, November 15th. They set an “outperform” rating on the stock. Benchmark raised their price objective on shares of LivePerson from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer lowered shares of LivePerson from an “outperform” rating to a “market perform” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.13.

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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Earnings History for LivePerson (NASDAQ:LPSN)

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