LivePerson (NASDAQ:LPSN) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of LivePerson (NASDAQ:LPSN) from a buy rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “LivePerson, Inc. is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers. LivePerson opens the new click-to-message ad extension to larger companies by adding three important dimensions. First, it tracks and distributes ad responses to teams that may be across geographies – essential for an ad campaign at a larger scale – and measures the results. LivePerson provides an optional, pay-for-performance team of people who can answer these SMS conversations and can handle many queries itself, or transfer them to in-house representatives where needed. LivePerson enables brands to manage message conversations from many media and communications channels in one solution and one workforce. This lets large advertisers scale without staffing pains, and has been shown to improve conversion rates when deployed. “

A number of other research firms have also recently weighed in on LPSN. Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the stock a buy rating in a report on Thursday, May 16th. BidaskClub cut Amyris from a hold rating to a sell rating in a report on Thursday, June 27th. Piper Jaffray Companies boosted their price target on Apple to $201.00 and gave the stock an overweight rating in a report on Monday, March 25th. Jefferies Financial Group boosted their price target on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a buy rating in a report on Monday, April 1st. Finally, Benchmark reissued a buy rating and issued a $120.00 price target (up from $115.00) on shares of Nexstar Media Group in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $32.27.

NASDAQ LPSN opened at $30.71 on Wednesday. LivePerson has a fifty-two week low of $16.98 and a fifty-two week high of $30.91. The business has a fifty day moving average of $28.01. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.06). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The company had revenue of $66.40 million during the quarter, compared to analyst estimates of $66.14 million. As a group, research analysts predict that LivePerson will post -0.52 earnings per share for the current fiscal year.

In other LivePerson news, SVP Daryl Carlough sold 16,164 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total transaction of $447,904.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 4,352 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $27.08, for a total value of $117,852.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,611 shares of company stock valued at $1,400,179. Company insiders own 9.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Neuburgh Advisers LLC grew its position in LivePerson by 159.3% during the fourth quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock valued at $161,000 after acquiring an additional 5,258 shares during the period. Virtu Financial LLC purchased a new stake in LivePerson during the first quarter valued at about $236,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in LivePerson during the first quarter valued at about $242,000. Flinton Capital Management LLC grew its position in LivePerson by 159.3% during the fourth quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock valued at $249,000 after acquiring an additional 8,126 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in LivePerson during the first quarter valued at about $276,000. 83.96% of the stock is owned by hedge funds and other institutional investors.

LivePerson Company Profile

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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