Somewhat Positive Press Coverage Somewhat Unlikely to Affect LivePerson (LPSN) Share Price
Media headlines about LivePerson (NASDAQ:LPSN) have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LivePerson earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.6153403382916 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts recently weighed in on LPSN shares. B. Riley started coverage on LivePerson in a research note on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a research note on Tuesday, October 10th. Benchmark raised their price objective on LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. LivePerson currently has a consensus rating of “Buy” and an average target price of $15.23.
Shares of LivePerson (NASDAQ LPSN) opened at $12.25 on Friday. The stock has a market capitalization of $714.29, a P/E ratio of -28.49 and a beta of 1.19. LivePerson has a fifty-two week low of $5.43 and a fifty-two week high of $15.10.
In other LivePerson news, CEO Robert P. Locascio sold 2,779 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $31,819.55. Following the sale, the chief executive officer now owns 73,656 shares of the company’s stock, valued at approximately $843,361.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Richard Murphy sold 2,493 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total value of $28,544.85. Following the completion of the sale, the chief financial officer now directly owns 82,185 shares in the company, valued at approximately $941,018.25. The disclosure for this sale can be found here. Insiders sold a total of 7,440 shares of company stock worth $85,188 in the last ninety days. Insiders own 11.70% of the company’s stock.
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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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