Benchmark Co. Increases LivePerson, Inc. (LPSN) Price Target to $18.00

LivePerson, Inc. (NASDAQ:LPSN) had its target price upped by stock analysts at Benchmark Co. from $14.00 to $18.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock. Benchmark Co.’s target price indicates a potential upside of 24.57% from the company’s current price.

A number of other equities research analysts have also weighed in on LPSN. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of LivePerson in a research report on Wednesday, August 9th. Northland Securities set a $14.00 price objective on LivePerson and gave the stock a “buy” rating in a research report on Saturday, June 24th. Needham & Company LLC began coverage on LivePerson in a research report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Roth Capital lifted their price objective on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. LivePerson presently has a consensus rating of “Buy” and a consensus target price of $13.41.

Shares of LivePerson (LPSN) opened at 14.45 on Tuesday. LivePerson has a one year low of $5.43 and a one year high of $14.85. The company’s market capitalization is $851.11 million. The company has a 50-day moving average price of $13.58 and a 200 day moving average price of $10.95.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The company had revenue of $54.10 million for the quarter, compared to the consensus estimate of $51.33 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. LivePerson’s revenue was down 4.6% compared to the same quarter last year. Equities analysts anticipate that LivePerson will post $0.10 EPS for the current year.

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In related news, Director David Vaskevitch sold 50,000 shares of LivePerson stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $13.05, for a total transaction of $652,500.00. Following the sale, the director now directly owns 35,000 shares in the company, valued at $456,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Richard Murphy sold 2,300 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total value of $31,533.00. Following the sale, the chief financial officer now owns 84,678 shares in the company, valued at $1,160,935.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,774 shares of company stock worth $1,963,593. Corporate insiders own 11.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $128,000. Castleark Management LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $4,775,000. The Manufacturers Life Insurance Company boosted its position in shares of LivePerson by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 43,917 shares of the technology company’s stock valued at $483,000 after purchasing an additional 1,285 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of LivePerson during the second quarter valued at approximately $131,000. Finally, State Street Corp boosted its position in

A number of other equities research analysts have also weighed in on LPSN. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of LivePerson in a research report on Wednesday, August 9th. Northland Securities set a $14.00 price objective on LivePerson and gave the stock a “buy” rating in a research report on Saturday, June 24th. Needham & Company LLC began coverage on LivePerson in a research report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Roth Capital lifted their price objective on LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. LivePerson presently has a consensus rating of “Buy” and a consensus target price of $13.41.

Shares of LivePerson (LPSN) opened at 14.45 on Tuesday. LivePerson has a one year low of $5.43 and a one year high of $14.85. The company’s market capitalization is $851.11 million. The company has a 50-day moving average price of $13.58 and a 200 day moving average price of $10.95.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The company had revenue of $54.10 million for the quarter, compared to the consensus estimate of $51.33 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. LivePerson’s revenue was down 4.6% compared to the same quarter last year. Equities analysts anticipate that LivePerson will post $0.10 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/benchmark-co-increases-liveperson-inc-lpsn-price-target-to-18-00.html.

In related news, Director David Vaskevitch sold 50,000 shares of LivePerson stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $13.05, for a total transaction of $652,500.00. Following the sale, the director now directly owns 35,000 shares in the company, valued at $456,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Richard Murphy sold 2,300 shares of LivePerson stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total value of $31,533.00. Following the sale, the chief financial officer now owns 84,678 shares in the company, valued at $1,160,935.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,774 shares of company stock worth $1,963,593. Corporate insiders own 11.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $128,000. Castleark Management LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $4,775,000. The Manufacturers Life Insurance Company boosted its position in shares of LivePerson by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 43,917 shares of the technology company’s stock valued at $483,000 after purchasing an additional 1,285 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of LivePerson during the second quarter valued at approximately $131,000. Finally, State Street Corp boosted its position in shares of LivePerson by 6.1% during the second quarter. State Street Corp now owns 1,292,357 shares of the technology company’s stock valued at $14,219,000 after purchasing an additional 74,645 shares in the last quarter. Institutional investors own 74.85% of the company’s stock.

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.

Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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