Traders Buy High Volume of LiveVox Call Options (NASDAQ:LVOX)

LiveVox Holding, Inc. (NASDAQ:LVOX) was the target of unusually large options trading on Wednesday. Traders acquired 3,051 call options on the stock. This represents an increase of 931% compared to the average daily volume of 296 call options.

Several research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on LiveVox in a research note on Thursday, September 9th. They issued a “buy” rating and a $12.00 price target for the company. Bank of America assumed coverage on LiveVox in a research note on Tuesday, September 28th. They issued a “neutral” rating and a $8.00 price target for the company. Finally, Zacks Investment Research downgraded LiveVox from a “hold” rating to a “sell” rating in a research note on Wednesday, November 17th.

A number of large investors have recently added to or reduced their stakes in the stock. Golden Gate Private Equity Inc. purchased a new stake in LiveVox during the 2nd quarter valued at $556,420,000. Whetstone Capital Advisors LLC purchased a new stake in LiveVox during the 3rd quarter valued at $8,329,000. Jennison Associates LLC purchased a new stake in LiveVox during the 2nd quarter valued at $8,137,000. Alyeska Investment Group L.P. purchased a new stake in LiveVox during the 2nd quarter valued at $7,701,000. Finally, Leonard Green & Partners L.P. purchased a new stake in LiveVox during the 2nd quarter valued at $2,505,000. Institutional investors own 81.34% of the company’s stock.

NASDAQ LVOX opened at $4.88 on Friday. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.41. LiveVox has a one year low of $4.34 and a one year high of $11.43. The firm’s 50 day moving average price is $6.22.

LiveVox (NASDAQ:LVOX) last posted its earnings results on Thursday, November 11th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). On average, sell-side analysts expect that LiveVox will post -1.18 EPS for the current year.

About LiveVox

LiveVox Holding, Inc develops and provides cloud contact center software for businesses. Its products include Four Clouds, an outbound voice solution that enables to manage regulatory requirements with the option of three manual and one automated outbound dialing system; bundles, including two-way messaging, outbound campaigns and compliance, speech analytics, inbound contact center, and cloud interactive voice response (IVR) solutions; inbound voice solutions, which comprise automatic call distributor, IVR, and wallboards; and blended omnichannel solutions, such as voice, email, SMS, virtual agents, and webchat.

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