Brokerages Set LivePerson, Inc. (NASDAQ:LPSN) PT at $32.45

LivePerson, Inc. (NASDAQ:LPSNGet Rating) has been assigned an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $32.45.

A number of equities analysts have weighed in on the company. KeyCorp decreased their price target on LivePerson from $70.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, January 14th. JPMorgan Chase & Co. cut LivePerson from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $21.00 in a report on Friday, February 25th. Loop Capital upped their price target on LivePerson from $23.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 8th. Mizuho reduced their target price on LivePerson from $32.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, February 25th. Finally, B. Riley cut LivePerson from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Friday, February 25th.

LPSN opened at $25.22 on Friday. The firm has a 50 day moving average price of $24.78 and a 200 day moving average price of $35.70. LivePerson has a 1 year low of $16.00 and a 1 year high of $68.82. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.85 and a quick ratio of 2.85.

LivePerson (NASDAQ:LPSNGet Rating) last released its quarterly earnings results on Thursday, February 24th. The technology company reported ($0.65) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.76) by $0.11. The firm had revenue of $123.80 million during the quarter, compared to analysts’ expectations of $123.74 million. LivePerson had a negative return on equity of 41.63% and a negative net margin of 26.61%. As a group, analysts forecast that LivePerson will post -2.1 earnings per share for the current fiscal year.

In other LivePerson news, CAO Norman M. Osumi sold 1,799 shares of the stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $23.52, for a total value of $42,312.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert P. Locascio sold 8,943 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $24.37, for a total value of $217,940.91. The disclosure for this sale can be found here. Insiders have sold 33,577 shares of company stock worth $807,191 over the last 90 days. 9.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of LivePerson by 7.8% during the third quarter. Janus Henderson Group PLC now owns 3,252,126 shares of the technology company’s stock valued at $191,713,000 after purchasing an additional 236,325 shares during the period. Baillie Gifford & Co. increased its holdings in shares of LivePerson by 1.3% during the fourth quarter. Baillie Gifford & Co. now owns 1,288,091 shares of the technology company’s stock valued at $46,010,000 after purchasing an additional 16,084 shares during the period. Polar Capital Holdings Plc increased its holdings in shares of LivePerson by 6.2% during the third quarter. Polar Capital Holdings Plc now owns 1,215,359 shares of the technology company’s stock valued at $71,645,000 after purchasing an additional 70,737 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of LivePerson by 2,107.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,154,256 shares of the technology company’s stock valued at $41,230,000 after purchasing an additional 1,101,974 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of LivePerson by 1,089.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 1,154,256 shares of the technology company’s stock valued at $41,369,000 after purchasing an additional 1,057,229 shares during the period.

About LivePerson (Get Rating)

LivePerson, Inc, together with its subsidiaries, provides conversational commerce software and Gainshare solutions. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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