LivePerson, Inc. (LPSN) Earns “Hold” Rating from Oppenheimer Holdings, Inc.

LivePerson, Inc. (NASDAQ:LPSN)‘s stock had its “hold” rating reiterated by Oppenheimer Holdings, Inc. in a report released on Wednesday, August 9th.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, August 2nd. Northland Securities restated a “buy” rating and set a $14.00 target price on shares of LivePerson in a research report on Tuesday, July 25th. Roth Capital upped their target price on shares of LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Benchmark Co. upped their target price on shares of LivePerson from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 15th. Finally, TheStreet upgraded shares of LivePerson from a “d+” rating to a “c” rating in a research report on Friday, May 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $12.14.

LivePerson (LPSN) traded up 0.78% during midday trading on Wednesday, hitting $12.95. The stock had a trading volume of 325,782 shares. The stock has a 50 day moving average of $12.26 and a 200 day moving average of $9.23. The stock’s market cap is $762.76 million. LivePerson has a 12 month low of $5.43 and a 12 month high of $14.05.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The firm had revenue of $54.10 million for the quarter, compared to analyst estimates of $51.33 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The company’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that LivePerson will post $0.10 EPS for the current fiscal year.

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In related news, CFO Daniel Richard Murphy sold 2,628 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total transaction of $30,090.60. Following the transaction, the chief financial officer now owns 86,978 shares of the company’s stock, valued at $995,898.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert P. Locascio sold 2,892 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total transaction of $33,113.40. Following the transaction, the chief executive officer now directly owns 79,007 shares in the company, valued at approximately $904,630.15. The disclosure for this sale can be found here. Insiders sold 110,183 shares of company stock worth $1,256,549 over the last quarter. Company insiders own 11.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in LPSN. Louisiana State Employees Retirement System increased its position in shares of LivePerson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the technology company’s stock valued at $241,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in shares of LivePerson by 0.7% in the second quarter. Arizona State Retirement System now owns 27,992 shares of the technology company’s stock valued at $308,000 after buying an additional 200 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock valued at $101,000 after buying an additional 243 shares during the last quarter. Texas Permanent School Fund increased its position in shares of LivePerson by 1.7% in the second quarter. Texas Permanent School Fund now owns 39,257 shares of the technology company’s stock valued at $432,000 after buying an additional 644 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of LivePerson by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after buying an additional 650 shares during the last quarter. 74.27% of the stock is currently owned by institutional investors and hedge funds.

LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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