LiveVox (NASDAQ:LVOX) Stock Price Down 1.4%

Shares of LiveVox Holdings, Inc. (NASDAQ:LVOX – Get Rating) traded down 1.4% during trading on Tuesday . The stock traded as low as $2.75 and last traded at $2.87. 17,937 shares were traded during mid-day trading, a decline of 53% from the average session volume of 38,250 shares. The stock had previously closed at $2.91.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group increased their price target on shares of LiveVox from $2.50 to $3.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, LiveVox currently has an average rating of “Moderate Buy” and a consensus price target of $5.60.

LiveVox Stock Down 1.4 %

The firm has a 50-day moving average price of $2.54 and a two-hundred day moving average price of $2.43. The company has a quick ratio of 4.75, a current ratio of 4.75 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $287.14 million, a P/E ratio of -6.11 and a beta of -1.18.

LiveVox (NASDAQ:LVOX – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). LiveVox had a negative return on equity of 39.08% and a negative net margin of 32.81%. The business had revenue of $35.25 million for the quarter, compared to analyst estimates of $35.10 million. Equities research analysts anticipate that LiveVox Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of LiveVox

A number of hedge funds have recently bought and sold shares of LVOX. Bank of New York Mellon Corp boosted its stake in LiveVox by 14.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 48,672 shares of the company’s stock valued at $144,000 after purchasing an additional 6,017 shares during the last quarter. State Street Corp raised its position in shares of LiveVox by 7.5% during the 1st quarter. State Street Corp now owns 98,399 shares of the company’s stock worth $297,000 after purchasing an additional 6,899 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in LiveVox in the 3rd quarter valued at about $40,000. Allspring Global Investments Holdings LLC purchased a new position in shares of LiveVox during the 3rd quarter worth approximately $47,000. Finally, B. Riley Financial Inc. acquired a new stake in LiveVox during the 2nd quarter worth approximately $30,000. 86.77% of the stock is currently owned by institutional investors.

LiveVox Company Profile

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LiveVox, Inc develops and provides cloud contact center software for businesses. Its products include Four Clouds, an outbound voice solution that enables to manage regulatory requirements with the option of three manual and one automated outbound dialing system; bundles, including two-way messaging, outbound campaigns and compliance, speech analytics, inbound contact center, and cloud interactive voice response (IVR) solutions; inbound voice solutions, which comprise automatic call distributor, IVR, and wallboards; and blended omnichannel solutions, such as voice, email, SMS, virtual agents, and webchat.