LivePerson (NASDAQ:LPSN) issued its quarterly earnings data on Thursday. The technology company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02), Fidelity Earnings reports. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The firm had revenue of $75.18 million during the quarter, compared to analysts’ expectations of $74.69 million. During the same quarter in the prior year, the firm posted $0.09 EPS. LivePerson’s quarterly revenue was up 17.1% compared to the same quarter last year.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
Shares of NASDAQ:LPSN traded down $5.35 during trading on Friday, reaching $35.06. The company had a trading volume of 4,396,000 shares, compared to its average volume of 677,124. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.41 and a quick ratio of 2.41. LivePerson has a fifty-two week low of $16.98 and a fifty-two week high of $42.85. The stock’s fifty day moving average price is $38.35 and its 200 day moving average price is $33.57. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -152.43 and a beta of 1.03.
In other news, EVP Monica L. Greenberg sold 2,284 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total value of $84,941.96. The sale was disclosed in a filing with the SEC, which is available through this link. 9.70% of the stock is owned by corporate insiders.
A number of brokerages have weighed in on LPSN. KeyCorp boosted their price objective on LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Northland Securities set a $45.00 target price on LivePerson and gave the company a “buy” rating in a report on Wednesday, September 18th. Craig Hallum boosted their target price on LivePerson from $34.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. ValuEngine raised LivePerson from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group boosted their target price on LivePerson to $45.00 and gave the company a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.50.
LivePerson, Inc provides conversational commerce solutions. The company 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.
Further Reading: Market Perform