LivePerson (NASDAQ:LPSN) Upgraded at Roth Mkm

Posted by Defense World Staff on Aug 9th, 2023

LivePerson (NASDAQ:LPSN – Get Free Report) was upgraded by stock analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The brokerage currently has a $6.00 price target on the technology company’s stock. Roth Mkm’s price objective indicates a potential upside of 50.38% from the company’s previous close.

Several other equities research analysts also recently weighed in on LPSN. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Loop Capital raised shares of LivePerson from a “sell” rating to a “hold” rating and boosted their target price for the stock from $3.00 to $6.00 in a research report on Wednesday, July 12th. Finally, Mizuho dropped their target price on shares of LivePerson from $7.00 to $6.00 in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.67.

Get Our Latest Research Report on LivePerson

LivePerson Stock Performance

LivePerson stock opened at $3.99 on Wednesday. LivePerson has a 12-month low of $3.18 and a 12-month high of $18.17. The company has a market capitalization of $315.05 million, a price-to-earnings ratio of -1.72 and a beta of 1.56. The company has a debt-to-equity ratio of 7.85, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s fifty day moving average price is $4.26 and its 200 day moving average price is $6.62.

LivePerson (NASDAQ:LPSN – Get Free Report) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.13. LivePerson had a negative net margin of 36.12% and a negative return on equity of 163.00%. The firm had revenue of $107.66 million for the quarter, compared to the consensus estimate of $107.16 million. On average, research analysts forecast that LivePerson will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at LivePerson

In other news, CFO John Deneen Collins sold 21,275 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $4.78, for a total value of $101,694.50. Following the completion of the sale, the chief financial officer now directly owns 172,488 shares of the company’s stock, valued at approximately $824,492.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO John Deneen Collins sold 21,275 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $4.78, for a total value of $101,694.50. Following the sale, the chief financial officer now directly owns 172,488 shares in the company, valued at approximately $824,492.64. 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 7,782 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $4.78, for a total transaction of $37,197.96. Following the completion of the sale, the executive vice president now owns 101,079 shares in the company, valued at $483,157.62. The disclosure for this sale can be found here. Insiders sold 32,414 shares of company stock valued at $154,939 in the last ninety days. Company insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On LivePerson

A number of large investors have recently made changes to their positions in the company. CWM LLC increased its stake in LivePerson by 48.1% in the 4th quarter. CWM LLC now owns 2,632 shares of the technology company’s stock valued at $27,000 after buying an additional 855 shares during the period. Arizona State Retirement System grew its position in LivePerson by 4.6% in the fourth quarter. Arizona State Retirement System now owns 20,108 shares of the technology company’s stock worth $204,000 after acquiring an additional 888 shares in the last quarter. PNC Financial Services Group Inc. grew its position in LivePerson by 36.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,236 shares of the technology company’s stock worth $103,000 after acquiring an additional 1,141 shares in the last quarter. Van ECK Associates Corp grew its position in LivePerson by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 14,565 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in LivePerson by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 58,527 shares of the technology company’s stock worth $1,465,000 after acquiring an additional 1,674 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

LivePerson Company Profile

(Get Free Report)

LivePerson, Inc engages in conversational artificial intelligence. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.