In yesterday’s Wall Street session, LivePerson Inc. (NASDAQ:LPSN) shares traded at $4.23, down -8.24% from the previous session.
11 analysts cover LivePerson Inc. (NASDAQ:LPSN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $4.00, we find $5.00. Given the previous closing price of $4.61, this indicates a potential upside of 8.46 percent. LPSN stock price is now -0.81% away from the 50-day moving average and -47.86% away from the 200-day moving average. The market capitalization of the company currently stands at $333.28M.
The stock has received a hold rating from 10 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $5.29 as their price target over the next twelve months.
With the price target enhanced from $3 to $6, Loop Capital Upgraded its rating from Sell to Hold for LivePerson Inc. (NASDAQ: LPSN).
In other news, Collins John DeNeen, Chief Financial Officer sold 21,275 shares of the company’s stock on Jul 31. The stock was sold for $101,694 at an average price of $4.78. Upon completion of the transaction, the Chief Financial Officer now directly owns 172,488 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, EVP, Policy & General Counsel Greenberg Monica L. sold 7,782 shares of the business’s stock. A total of $37,198 was realized by selling the stock at an average price of $4.78. This leaves the insider owning 101,079 shares of the company worth $0.43 million. Insiders disposed of 34,901 shares of company stock worth roughly $0.15 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LPSN stock. A new stake in LivePerson Inc. shares was purchased by SQUAREPOINT OPS LLC during the first quarter worth $5,395,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $2,327,000 in shares of LPSN during the first quarter. In the first quarter, PHOENIX HOLDINGS LTD. acquired a new stake in LivePerson Inc. valued at approximately $1,838,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in LPSN for approximately $1,489,000. FEDERATED HERMES, INC. purchased a new stake in LPSN valued at around $1,413,000 in the second quarter.
On Wednesday morning LivePerson Inc. (NASDAQ: LPSN) stock kicked off with the opening price of $4.5000. During the past 12 months, LivePerson Inc. has had a low of $3.18 and a high of $18.17. As of last week, the company has a debt-to-equity ratio of 8.98, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for LPSN is $4.2606 and a two-hundred day moving average price translates $8.0903 for the stock.
According to the Software – Application Company, earnings per share came in at -$0.23, beating analysts’ expectations of -$0.49 by 0.26. This compares to -$0.86 EPS in the same period last year. The net profit margin was -36.10% and return on equity was -207.10% for LPSN. The company reported revenue of $107.66 million for the quarter, compared to $130.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.31 percent. For the current quarter, analysts expect LPSN to generate $96.85M in revenue.
