$33.82 Million in Sales Expected for LiveVox Holding, Inc. (NASDAQ:LVOX) This Quarter

Equities research analysts expect that LiveVox Holding, Inc. (NASDAQ:LVOXGet Rating) will post sales of $33.82 million for the current quarter, Zacks reports. Three analysts have provided estimates for LiveVox’s earnings, with the highest sales estimate coming in at $34.50 million and the lowest estimate coming in at $32.96 million. LiveVox reported sales of $28.91 million during the same quarter last year, which would suggest a positive year over year growth rate of 17%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that LiveVox will report full year sales of $140.64 million for the current year, with estimates ranging from $140.00 million to $141.60 million. For the next fiscal year, analysts expect that the company will report sales of $169.56 million, with estimates ranging from $166.50 million to $173.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for LiveVox.

LiveVox (NASDAQ:LVOXGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $31.87 million for the quarter, compared to analyst estimates of $31.91 million.

Several equities research analysts have recently commented on the stock. Northland Securities reduced their price target on shares of LiveVox from $12.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, March 11th. The Goldman Sachs Group cut their price objective on shares of LiveVox from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, April 14th. Stifel Nicolaus dropped their target price on shares of LiveVox from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 21st. Finally, Zacks Investment Research raised shares of LiveVox from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $8.17.

Several hedge funds have recently added to or reduced their stakes in LVOX. Jennison Associates LLC lifted its stake in shares of LiveVox by 2.0% in the 4th quarter. Jennison Associates LLC now owns 1,045,760 shares of the company’s stock valued at $5,386,000 after purchasing an additional 20,447 shares during the period. B. Riley Asset Management LLC acquired a new position in shares of LiveVox in the 4th quarter valued at $2,598,000. Capstone Investment Advisors LLC acquired a new position in shares of LiveVox in the 3rd quarter valued at $66,000. Whetstone Capital Advisors LLC acquired a new position in shares of LiveVox in the 3rd quarter valued at $8,329,000. Finally, Sciencast Management LP acquired a new position in shares of LiveVox in the 1st quarter valued at $149,000. 83.59% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:LVOX opened at $2.48 on Thursday. LiveVox has a one year low of $2.13 and a one year high of $10.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 3.45. The firm has a 50-day simple moving average of $3.18 and a 200-day simple moving average of $4.37.

LiveVox Company Profile (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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