LivePerson (NASDAQ:LPSN) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of LivePerson (NASDAQ:LPSN) from a hold rating to a buy rating in a research report report published on Saturday, BidAskClub reports.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group boosted their target price on shares of LivePerson from $27.00 to $33.00 and gave the company a buy rating in a research report on Wednesday, May 6th. Needham & Company LLC cut their price objective on shares of LivePerson from $47.00 to $33.00 and set a buy rating for the company in a report on Monday, March 16th. Oppenheimer reaffirmed a hold rating on shares of LivePerson in a report on Wednesday, May 6th. Northland Securities lifted their price objective on shares of LivePerson from $40.00 to $45.00 and gave the company an outperform rating in a report on Wednesday, June 17th. Finally, Craig Hallum cut their price objective on shares of LivePerson from $35.00 to $31.00 and set a buy rating for the company in a report on Friday, April 24th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. LivePerson has a consensus rating of Buy and an average target price of $40.85.

NASDAQ LPSN opened at $41.43 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of -23.15 and a beta of 1.24. The company has a fifty day moving average of $36.73 and a 200 day moving average of $32.50. LivePerson has a 1 year low of $14.08 and a 1 year high of $45.21. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.68 and a quick ratio of 1.68.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.01. The company had revenue of $78.09 million during the quarter, compared to the consensus estimate of $77.08 million. LivePerson had a negative net margin of 37.65% and a negative return on equity of 57.59%. Research analysts expect that LivePerson will post -1.33 earnings per share for the current year.

In related news, Director William Wesemann sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $40.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now owns 150,000 shares of the company’s stock, valued at approximately $6,000,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Fred Mossler sold 7,102 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $36.75, for a total transaction of $260,998.50. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,286,250. The disclosure for this sale can be found here. Insiders have sold 83,149 shares of company stock valued at $3,052,762 in the last three months. Corporate insiders own 10.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in LivePerson during the 4th quarter valued at about $81,000. NEXT Financial Group Inc acquired a new position in LivePerson in the 1st quarter valued at about $52,000. Advisor Group Holdings Inc. acquired a new position in LivePerson in the 1st quarter valued at about $68,000. Parallel Advisors LLC acquired a new position in LivePerson in the 1st quarter valued at about $74,000. Finally, NumerixS Investment Technologies Inc acquired a new position in LivePerson in the 4th quarter valued at about $147,000. 91.59% 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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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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