LiveVox Holding, Inc. (NASDAQ:LVOX) Receives Average Recommendation of “Buy” from Brokerages

Shares of LiveVox Holding, Inc. (NASDAQ:LVOXGet Rating) have been given a consensus rating of “Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $8.17.

A number of equities research analysts have recently commented on LVOX shares. Zacks Investment Research raised LiveVox from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Stifel Nicolaus lowered 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. The Goldman Sachs Group lowered their price target on LiveVox from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, April 14th. Finally, Northland Securities lowered 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.

Several institutional investors and hedge funds have recently modified their holdings of the business. Corsair Capital Management L.P. acquired a new position in shares of LiveVox during the fourth quarter worth about $13,026,000. Vanguard Group Inc. lifted its stake in shares of LiveVox by 49.6% during the first quarter. Vanguard Group Inc. now owns 1,324,279 shares of the company’s stock worth $3,999,000 after purchasing an additional 439,076 shares in the last quarter. Whetstone Capital Advisors LLC acquired a new position in shares of LiveVox during the third quarter worth about $8,329,000. Jennison Associates LLC lifted its stake in shares of LiveVox by 0.9% during the first quarter. Jennison Associates LLC now owns 1,055,178 shares of the company’s stock worth $3,187,000 after purchasing an additional 9,418 shares in the last quarter. Finally, Leonard Green & Partners L.P. lifted its stake in shares of LiveVox by 80.0% in the fourth quarter. Leonard Green & Partners L.P. now owns 900,000 shares of the company’s stock worth $4,635,000 after acquiring an additional 400,000 shares in the last quarter. Institutional investors own 83.59% of the company’s stock.

Shares of NASDAQ:LVOX opened at $2.40 on Friday. The company has a market cap of $235.78 million, a P/E ratio of -1.63 and a beta of -0.50. 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 52 week low of $2.13 and a 52 week high of $10.39. The business has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $4.32.

LiveVox (NASDAQ:LVOXGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $31.87 million during the quarter, compared to analysts’ expectations of $31.91 million. LiveVox had a negative net margin of 90.78% and a negative return on equity of 83.09%. Sell-side analysts expect that LiveVox will post -0.4 earnings per share for the current fiscal year.

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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Analyst Recommendations for LiveVox (NASDAQ:LVOX)

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