Equities research analysts expect that LivePerson, Inc. (NASDAQ:LPSN) will post earnings per share of $0.02 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for LivePerson’s earnings. The company is expected to report its next quarterly earnings results after the market closes on Thursday, February 21st.
According to Zacks, analysts expect that LivePerson will report full-year earnings of $0.06 per share for the current year, with EPS estimates ranging from $0.05 to $0.06. For the next financial year, analysts anticipate that the company will report earnings of $0.08 per share, with EPS estimates ranging from $0.00 to $0.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover LivePerson.
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LivePerson (NASDAQ:LPSN) last posted its earnings results on Thursday, November 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). LivePerson had a negative net margin of 9.21% and a negative return on equity of 5.32%. The firm had revenue of $64.21 million during the quarter, compared to analysts’ expectations of $62.55 million. During the same period in the previous year, the business posted $0.05 EPS. The business’s revenue was up 13.7% compared to the same quarter last year.
Several equities analysts recently issued reports on LPSN shares. Oppenheimer upgraded shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. B. Riley set a $32.00 target price on shares of LivePerson and gave the company a “buy” rating in a research note on Friday, November 9th. CIBC upgraded shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. Zacks Investment Research cut shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Friday, December 14th. Finally, BidaskClub upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Friday, December 28th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.06.
In other LivePerson news, EVP Monica L. Greenberg sold 2,044 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $18.82, for a total transaction of $38,468.08. Following the completion of the transaction, the executive vice president now directly owns 18,082 shares in the company, valued at $340,303.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert P. Locascio sold 45,837 shares of the company’s stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $18.06, for a total transaction of $827,816.22. Following the transaction, the chief executive officer now owns 266,997 shares of the company’s stock, valued at $4,821,965.82. The disclosure for this sale can be found here. Insiders have sold 52,472 shares of company stock valued at $953,572 over the last 90 days. 11.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of LivePerson by 26.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after buying an additional 1,029 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of LivePerson by 818.5% during the fourth quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after buying an additional 4,690 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of LivePerson during the second quarter worth $156,000. Crossmark Global Holdings Inc. purchased a new stake in shares of LivePerson during the third quarter worth $211,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of LivePerson during the third quarter worth $221,000. 79.09% of the stock is owned by institutional investors and hedge funds.
Shares of LPSN traded up $0.74 during trading hours on Friday, hitting $24.48. The stock had a trading volume of 427,603 shares, compared to its average volume of 469,255. LivePerson has a fifty-two week low of $10.80 and a fifty-two week high of $27.40. The stock has a market cap of $1.55 billion, a P/E ratio of -408.00 and a beta of 1.06.
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
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