Stocks of LivePerson Inc. (NASDAQ:LPSN) traded higher last session on Wall Street, up 18.74% to $5.64.
According to the data, LivePerson Inc. (NASDAQ:LPSN) has 11 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.00. Given the previous closing price of $4.75, this indicates a potential upside of 5.26 percent. LPSN stock price is now 32.11% away from the 50-day moving average and -29.35% away from the 200-day moving average. The market capitalization of the company currently stands at $437.78M.
A total of 8 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $5.43 as their price target over the next twelve months.
With the price target maintained at $6, ROTH MKM recently Upgraded its rating from Neutral to Buy 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 $0.97 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 $0.57 million. Insiders disposed of 34,901 shares of company stock worth roughly $0.2 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 $7,194,000. ACADIAN ASSET MANAGEMENT LLC invested $5,520,000 in shares of LPSN during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in LivePerson Inc. valued at approximately $3,103,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in LPSN for approximately $1,986,000. ELEMENT POINTE ADVISORS, LLC purchased a new stake in LPSN valued at around $1,974,000 in the second quarter. In total, there are 227 active investors with 87.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $4.87 for LivePerson Inc. (NASDAQ: LPSN). 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 $4.31 and a two-hundred day moving average price translates $7.97 for the stock.
The latest earnings results from LivePerson Inc. (NASDAQ: LPSN) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.12, beating analysts’ expectations of -$0.38 by 0.5. This compares to -$0.98 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 $97.52 million for the quarter, compared to $132.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.43 percent. For the current quarter, analysts expect LPSN to generate $98.35M in revenue.
LivePerson Inc.(LPSN) Company Profile
LivePerson, Inc. engages in conversational artificial intelligence. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage the Conversational Cloud’s intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The Consumer segment facilitates online transactions between experts and users seeking information and knowledge through mobile and online messaging. The company offers the Conversational Cloud, an enterprise-class cloud-based platform, which enables businesses and consumers to connect through conversational interfaces, such as in-app and mobile messaging. It also provides professional services; Tenfold, a customer experience integration platform; VoiceBase, a voice analytics platform for the enterprise; and online marketplace that connects experts who provide information and knowledge through mobile and online messaging with users. The company sells its products through direct and indirect sales channels to Fortune 500 companies, Internet businesses, online merchants, small business sector, automotive dealers, universities, libraries, government agencies, and not-for-profit organizations. It operates in the United States, Canada, Latin America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. LivePerson, Inc. was incorporated in 1995 and is headquartered in New York, New York.
