Stocks: LivePerson, Inc. (LPSN) Upgraded to “Buy” by Craig Hallum

Stocks: LivePerson, Inc. (LPSN) Upgraded to “Buy” by Craig Hallum

Craig Hallum upgraded shares of LivePerson, Inc. (NASDAQ:LPSN) from a hold rating to a buy rating in a research note released on Thursday morning. They currently have $8.85 target price on the technology company’s stock, up from their previous target price of $8.60.

Separately, Zacks Investment Research cut LivePerson from a buy rating to a hold rating in a report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. LivePerson currently has an average rating of Hold and a consensus target price of $9.40.

Shares of LivePerson (NASDAQ:LPSN) traded up 2.05% on Thursday, reaching $9.95. 487,275 shares of the company’s stock were exchanged. LivePerson has a 52-week low of $5.43 and a 52-week high of $10.05. The company’s 50 day moving average price is $7.06 and its 200-day moving average price is $7.50. The stock’s market cap is $556.95 million.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, May 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. LivePerson had a negative return on equity of 9.42% and a negative net margin of 11.61%. The company had revenue of $50.90 million for the quarter, compared to analysts’ expectations of $50.42 million. During the same period last year, the business earned $0.03 EPS. LivePerson’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts forecast that LivePerson will post $0.10 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. raised its stake in LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock worth $101,000 after buying an additional 243 shares during the last quarter. Acrospire Investment Management LLC raised its stake in LivePerson by 65.5% in the first quarter. Acrospire Investment Management LLC now owns 16,055 shares of the technology company’s stock worth $110,000 after buying an additional 6,356 shares during the last quarter. Alambic Investment Management L.P. raised its stake in LivePerson by 50.4% in the third quarter. Alambic Investment Management L.P. now owns 16,122 shares of the technology company’s stock worth $136,000 after buying an additional 5,400 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in LivePerson during the fourth quarter worth approximately $147,000. Finally, Louisiana State Employees Retirement System raised its stake in LivePerson by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the technology company’s stock worth $149,000 after buying an additional 300 shares during the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

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