LivePerson, Inc. (NASDAQ:LPSN) Expected to Post Quarterly Sales of $133.64 Million

Wall Street brokerages expect LivePerson, Inc. (NASDAQ:LPSNGet Rating) to announce sales of $133.64 million for the current quarter, according to Zacks. Five analysts have provided estimates for LivePerson’s earnings, with the highest sales estimate coming in at $134.21 million and the lowest estimate coming in at $132.50 million. LivePerson reported sales of $119.61 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.7%. The business is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that LivePerson will report full year sales of $552.13 million for the current fiscal year, with estimates ranging from $545.70 million to $555.44 million. For the next financial year, analysts expect that the firm will report sales of $641.87 million, with estimates ranging from $604.60 million to $664.14 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover LivePerson.

LivePerson (NASDAQ:LPSNGet Rating) last announced its quarterly earnings data on Monday, May 9th. The technology company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.05). The business had revenue of $130.20 million during the quarter, compared to the consensus estimate of $125.51 million. LivePerson had a negative net margin of 34.38% and a negative return on equity of 59.54%.

Several research analysts have weighed in on the company. Craig Hallum cut LivePerson from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $76.00 to $20.00 in a research report on Friday, February 25th. Mizuho cut their target price on shares of LivePerson from $20.00 to $18.00 in a research note on Tuesday, May 10th. William Blair lowered LivePerson from an “outperform” rating to a “market perform” rating in a report on Friday, February 25th. StockNews.com initiated coverage on LivePerson in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, JPMorgan Chase & Co. lowered LivePerson from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $60.00 to $21.00 in a report on Friday, February 25th. Two equities 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.77.

In related news, CEO Robert P. Locascio sold 4,587 shares of LivePerson stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $24.95, for a total value of $114,445.65. Following the completion of the transaction, the chief executive officer now directly owns 398,754 shares in the company, valued at $9,948,912.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Monica L. Greenberg sold 1,104 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $24.95, for a total value of $27,544.80. Following the transaction, the executive vice president now directly owns 35,218 shares in the company, valued at approximately $878,689.10. The disclosure for this sale can be found here. Insiders sold 7,369 shares of company stock worth $183,339 in the last quarter. 9.90% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted 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 acquiring an additional 16,084 shares during the period. Davidson Kempner Capital Management LP acquired a new position in LivePerson during the 4th quarter valued at about $2,855,000. HighTower Advisors LLC grew its position in LivePerson by 11.6% in the 3rd quarter. HighTower Advisors LLC now owns 34,861 shares of the technology company’s stock worth $2,054,000 after purchasing an additional 3,625 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of LivePerson by 45.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 158,564 shares of the technology company’s stock valued at $5,664,000 after purchasing an additional 49,542 shares during the period. Finally, Collaborative Holdings Management LP bought a new stake in shares of LivePerson during the third quarter valued at approximately $5,718,000. 99.01% of the stock is owned by institutional investors.

NASDAQ LPSN opened at $16.14 on Tuesday. The stock’s 50 day moving average price is $20.79 and its two-hundred day moving average price is $26.94. LivePerson has a 52 week low of $13.90 and a 52 week high of $68.82. The company has a debt-to-equity ratio of 4.07, a quick ratio of 2.48 and a current ratio of 2.48.

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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