LivePerson (NASDAQ:LPSN) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

LivePerson (NASDAQ:LPSN) posted its quarterly earnings results on Friday. The technology company reported ($0.73) EPS for the quarter, beating the consensus estimate of ($0.79) by $0.06, FiscalAI reports. The firm had revenue of $56.96 million during the quarter, compared to analyst estimates of $53.74 million.

LivePerson Stock Performance

LPSN traded down $0.15 during midday trading on Friday, reaching $2.53. 117,834 shares of the company were exchanged, compared to its average volume of 160,936. The stock’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $3.80. LivePerson has a one year low of $2.37 and a one year high of $21.60. The stock has a market capitalization of $30.49 million, a P/E ratio of -0.19 and a beta of 1.38.

Insider Activity

In other LivePerson news, CEO Anthony John Sabino sold 12,594 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $2.72, for a total value of $34,255.68. Following the completion of the sale, the chief executive officer directly owned 196,171 shares in the company, valued at $533,585.12. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 29,717 shares of company stock valued at $77,886 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LivePerson

A number of large investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of LivePerson during the 4th quarter worth approximately $253,000. Aequim Alternative Investments LP bought a new position in LivePerson in the fourth quarter valued at approximately $469,000. Price T Rowe Associates Inc. MD bought a new stake in shares of LivePerson during the 4th quarter worth approximately $65,000. Marshall Wace LLP acquired a new stake in shares of LivePerson in the 4th quarter valued at approximately $788,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of LivePerson in the 3rd quarter valued at approximately $1,849,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LivePerson in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About LivePerson

LivePerson, Inc is a technology company that develops conversational commerce and customer engagement software powered by artificial intelligence. Its platform enables businesses to connect with consumers through real-time messaging channels, transforming customer support and sales operations into interactive experiences. The company’s solutions are designed to reduce friction, boost consumer satisfaction and drive higher conversion rates by merging automated and human-assisted interactions.

The company’s flagship offering, the LiveEngage platform, provides enterprise-grade tools for managing live chat, chatbots and AI-driven virtual assistants across multiple channels.