LivePerson (NASDAQ:LPSN) released its quarterly earnings results on Thursday. The technology company reported $0.01 EPS for the quarter, Bloomberg Earnings reports. LivePerson had a negative return on equity of 2.93% and a negative net margin of 6.95%. The company had revenue of $58.24 million for the quarter, compared to analysts’ expectations of $57.22 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. LivePerson updated its Q2 guidance to $0.00-0.01 EPS and its FY18 guidance to $0.11-0.15 EPS.
Shares of NASDAQ LPSN traded up $1.40 during mid-day trading on Friday, hitting $18.00. The company had a trading volume of 932,712 shares, compared to its average volume of 326,996. The stock has a market cap of $1,007.13, a P/E ratio of -300.00 and a beta of 0.87. LivePerson has a 1-year low of $7.30 and a 1-year high of $18.85.
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LPSN has been the topic of a number of research reports. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. B. Riley increased their price objective on LivePerson to $19.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. ValuEngine upgraded LivePerson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Northland Securities reiterated a “buy” rating and issued a $21.00 price objective on shares of LivePerson in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded LivePerson from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 25th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $16.54.
In other LivePerson news, CEO Robert P. Locascio sold 2,465 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $15.30, for a total value of $37,714.50. Following the sale, the chief executive officer now directly owns 321,191 shares in the company, valued at $4,914,222.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Richard Murphy sold 12,092 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $15.34, for a total value of $185,491.28. Following the completion of the sale, the chief financial officer now owns 70,093 shares in the company, valued at $1,075,226.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,925 shares of company stock worth $2,403,794. Insiders own 11.40% of the company’s stock.
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.