LivePerson (NASDAQ:LPSN) issued its quarterly earnings data on Thursday. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02), Fidelity Earnings reports. The firm had revenue of $75.18 million for the quarter, compared to analyst estimates of $74.69 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS.
LPSN traded down $5.35 during trading hours on Friday, hitting $35.06. 4,396,000 shares of the company’s stock were exchanged, compared to its average volume of 677,124. The stock’s 50-day moving average is $38.35 and its two-hundred day moving average is $33.57. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -152.43 and a beta of 1.03. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.06. LivePerson has a 1-year low of $16.98 and a 1-year high of $42.85.
A number of brokerages recently issued reports on LPSN. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group upped their price target on shares of LivePerson to $45.00 and gave the company a “buy” rating in a report on Friday, August 9th. Oppenheimer upped their price target on shares of LivePerson from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Benchmark upped their price target on shares of LivePerson from $40.00 to $46.00 and gave the company a “buy” rating in a report on Friday. Finally, ValuEngine upgraded shares of LivePerson from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $39.50.
In other LivePerson news, EVP Monica L. Greenberg sold 2,284 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total value of $84,941.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.70% of the stock is currently owned by company insiders.
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.
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