Zacks: Brokerages Expect LivePerson, Inc. (LPSN) to Announce $0.02 Earnings Per Share

Analysts expect LivePerson, Inc. (NASDAQ:LPSN) to post $0.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for LivePerson’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.04. LivePerson reported earnings of ($0.04) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 150%. The company is expected to issue its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that LivePerson will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.11. For the next financial year, analysts expect that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.08 to $0.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $54.49 million for the quarter, compared to analysts’ expectations of $54.55 million. LivePerson had a negative return on equity of 4.41% and a negative net margin of 11.07%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) earnings per share.

LPSN has been the subject of several research analyst reports. Northland Securities restated a “buy” rating and issued a $14.00 price objective on shares of LivePerson in a report on Tuesday, July 25th. Needham & Company LLC started coverage on shares of LivePerson in a research note on Thursday, September 21st. They set a “buy” rating and a $16.00 target price for the company. Benchmark Co. raised their target price on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.05.

In related news, CFO Daniel Richard Murphy sold 2,300 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the completion of the sale, the chief financial officer now owns 84,678 shares of the company’s stock, valued at $1,160,935.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vaskevitch sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were 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 of the company’s stock, valued at approximately $456,750. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,374 shares of company stock valued at $796,159. 11.40% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in LivePerson by 79.5% during the second quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock valued at $116,000 after buying an additional 4,700 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in LivePerson during the second quarter valued at $128,000. BlueCrest Capital Management Ltd acquired a new stake in LivePerson during the second quarter valued at $131,000. Municipal Employees Retirement System of Michigan lifted its holdings in LivePerson by 5.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after purchasing an additional 650 shares in the last quarter. Finally, Advisor Group Inc. purchased a new position in LivePerson during the third quarter valued at $189,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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LivePerson (LPSN) traded up $0.35 during trading on Thursday, hitting $11.25. 221,024 shares of the stock were exchanged, compared to its average volume of 370,353. LivePerson has a one year low of $5.43 and a one year high of $15.10.

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.

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