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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
