LivePerson Inc. (NASDAQ:LPSN) had its price target upped by stock analysts at Benchmark Co. from $8.45 to $10.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price target would suggest a potential upside of 20.34% from the stock’s previous close.
Separately, Zacks Investment Research raised LivePerson from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.81.
Shares of LivePerson (NASDAQ:LPSN) opened at 8.31 on Friday. The firm has a 50 day moving average price of $7.85 and a 200 day moving average price of $6.81. The stock’s market cap is $480.14 million. LivePerson has a 12-month low of $3.74 and a 12-month high of $8.50.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. LivePerson had a negative return on equity of 2.86% and a negative net margin of 11.68%. The firm earned $56.70 million during the quarter, compared to the consensus estimate of $56.70 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s revenue was down 4.4% on a year-over-year basis. On average, equities analysts expect that LivePerson will post ($0.05) EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC raised its stake in LivePerson by 34.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 551,679 shares of the company’s stock valued at $3,498,000 after buying an additional 141,946 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in LivePerson during the second quarter valued at about $515,000. Strs Ohio raised its stake in LivePerson by 31.4% in the second quarter. Strs Ohio now owns 68,700 shares of the company’s stock valued at $435,000 after buying an additional 16,400 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in LivePerson by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock valued at $139,000 after buying an additional 100 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in LivePerson during the second quarter valued at about $932,000. 73.33% of the stock is owned by institutional investors and hedge funds.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online 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.
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