LivePerson (NASDAQ:LPSN) Upgraded by Roth Capital to Buy

LivePerson (NASDAQ:LPSNGet Rating) was upgraded by investment analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Briefing.com reports. The brokerage currently has a $25.00 target price on the technology company’s stock. Roth Capital’s price target suggests a potential upside of 53.37% from the company’s previous close.

A number of other research analysts also recently issued reports on LPSN. Needham & Company LLC downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Friday, February 25th. B. Riley downgraded shares of LivePerson from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, February 25th. JP Morgan Cazenove downgraded shares of LivePerson from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $60.00 to $21.00 in a research report on Friday, February 25th. Barclays dropped their target price on shares of LivePerson from $30.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, February 28th. Finally, Zacks Investment Research downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.46.

Shares of LivePerson stock opened at $16.30 on Tuesday. The firm’s 50 day moving average price is $23.69 and its 200-day moving average price is $31.62. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.64. LivePerson has a 52-week low of $16.00 and a 52-week high of $68.82. The company has a market cap of $1.18 billion, a P/E ratio of -9.11 and a beta of 1.31.

LivePerson (NASDAQ:LPSNGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The technology company reported ($0.65) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.76) by $0.11. LivePerson had a negative net margin of 26.61% and a negative return on equity of 41.63%. The firm had revenue of $123.80 million for the quarter, compared to the consensus estimate of $123.74 million. As a group, equities research analysts forecast that LivePerson will post -2.07 EPS for the current fiscal year.

In related news, CFO John Deneen Collins sold 3,305 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $23.52, for a total value of $77,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Monica L. Greenberg sold 1,104 shares of the business’s stock in a transaction on Monday, April 11th. The shares were sold at an average price of $24.95, for a total transaction of $27,544.80. Following the completion of the transaction, the executive vice president now owns 35,218 shares of the company’s stock, valued at $878,689.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,052 shares of company stock valued at $818,525. Company insiders own 9.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. KRS Capital Management LLC acquired a new position in LivePerson during the fourth quarter worth $33,000. Allworth Financial LP acquired a new position in LivePerson during the first quarter worth $25,000. Nisa Investment Advisors LLC raised its position in LivePerson by 170.0% during the first quarter. Nisa Investment Advisors LLC now owns 1,620 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,020 shares during the period. Psagot Value Holdings Ltd. raised its position in LivePerson by 31.3% during the third quarter. Psagot Value Holdings Ltd. now owns 2,100 shares of the technology company’s stock worth $124,000 after acquiring an additional 500 shares during the period. Finally, Advisors Asset Management Inc. raised its position in LivePerson by 249.0% during the fourth quarter. Advisors Asset Management Inc. now owns 2,729 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,947 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

LivePerson Company Profile (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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