LivePerson (NASDAQ:LPSN)‘s stock had its “hold” rating reiterated by investment analysts at Oppenheimer in a report released on Friday.

Several other research firms have also issued reports on LPSN. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $17.50 price target (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Benchmark raised their price target on LivePerson from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of LivePerson in a research report on Wednesday, November 1st. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, B. Riley assumed coverage on LivePerson in a research report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $15.23.

Shares of LivePerson (LPSN) opened at $12.00 on Friday. The company has a market capitalization of $726.40, a price-to-earnings ratio of -27.91 and a beta of 1.19. LivePerson has a 52 week low of $5.43 and a 52 week high of $15.10.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. LivePerson had a negative return on equity of 4.41% and a negative net margin of 11.07%. The business had revenue of $54.49 million for the quarter, compared to analyst estimates of $54.55 million. During the same period last year, the company earned ($0.02) EPS. The firm’s revenue was down .1% on a year-over-year basis. equities research analysts anticipate that LivePerson will post -0.02 EPS for the current year.

In other LivePerson news, CEO Robert P. Locascio sold 2,779 shares of LivePerson stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $31,819.55. Following the transaction, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel Richard Murphy sold 2,493 shares of LivePerson stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $28,544.85. Following the transaction, the chief financial officer now owns 82,185 shares in the company, valued at $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 over the last 90 days. 11.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in LivePerson by 2.7% during the second quarter. Vanguard Group Inc. now owns 4,851,914 shares of the technology company’s stock worth $53,371,000 after acquiring an additional 125,629 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in LivePerson by 49.6% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock worth $37,989,000 after acquiring an additional 930,164 shares in the last quarter. Granahan Investment Management Inc. MA lifted its holdings in LivePerson by 1.4% during the third quarter. Granahan Investment Management Inc. MA now owns 2,695,382 shares of the technology company’s stock worth $36,522,000 after acquiring an additional 37,677 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in LivePerson by 18.8% during the second quarter. Renaissance Technologies LLC now owns 2,102,100 shares of the technology company’s stock worth $23,123,000 after acquiring an additional 332,300 shares in the last quarter. Finally, State Street Corp lifted its holdings in LivePerson by 6.1% during the second quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock worth $14,219,000 after acquiring an additional 74,645 shares in the last quarter. Hedge funds and other institutional investors own 75.79% of the company’s stock.

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About LivePerson

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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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