LiveVox (NASDAQ:LVOX) Price Target Lowered to $4.00 at The Goldman Sachs Group

LiveVox (NASDAQ:LVOXGet Rating) had its target price trimmed by The Goldman Sachs Group from $6.00 to $4.00 in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised LiveVox from a sell rating to a hold rating in a report on Thursday, January 20th. Cantor Fitzgerald started coverage on LiveVox in a research report on Wednesday, December 15th. They issued an overweight rating and a $8.00 price target for the company. Northland Securities reduced their price target on LiveVox from $12.00 to $9.00 and set an outperform rating for the company in a research report on Friday, March 11th. Finally, Stifel Nicolaus reduced their price target on LiveVox from $10.00 to $8.00 and set a buy rating for the company in a research report on Monday, March 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, LiveVox presently has a consensus rating of Buy and a consensus target price of $8.17.

Shares of NASDAQ:LVOX opened at $3.15 on Thursday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.44. LiveVox has a 1 year low of $2.50 and a 1 year high of $10.39. The stock’s fifty day moving average price is $3.90 and its 200-day moving average price is $4.87.

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new stake in shares of LiveVox during the fourth quarter worth about $52,000. Greenhaven Road Investment Management L.P. purchased a new stake in shares of LiveVox during the fourth quarter worth about $773,000. Leonard Green & Partners L.P. grew its position in shares of LiveVox by 80.0% during the fourth quarter. Leonard Green & Partners L.P. now owns 900,000 shares of the company’s stock worth $4,635,000 after purchasing an additional 400,000 shares in the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of LiveVox during the fourth quarter worth about $13,026,000. Finally, Cubist Systematic Strategies LLC grew its holdings in LiveVox by 21.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 19,486 shares of the company’s stock valued at $100,000 after buying an additional 3,486 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

About LiveVox (Get Rating)

LiveVox Holding, Inc develops and markets cloud-based contact-center-as-a-service customer engagement platform primarily in the United States. Its products include Contact Manager and Extract, Transform, and Load Tools, a database layer that functions as a repository and orchestration layer for customers and their customer records; U-CRM, a visual layer that provides relevant customer details to agents; U-Ticket that creates support tickets and tracks all the relevant details to solve issues; U-Script, a visual agent flow tool to provide guidance and visual navigation to agents; and Attempt Supervisor, which enables contact centers to set rules and restrictions relative to the number of voice calls attempted to any particular phone number and/or account.

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