In a report released today, Koji Ikeda from Oppenheimer maintained a Hold rating on Liveperson (NASDAQ: LPSN). The company’s shares closed yesterday at $16.60, close to its 52-week high of $17.15.
Ikeda observed:
“LivePerson’s business delivered a good quarter of results and guidance, in our assessment. Highlights include: 1) healthy sales metrics and big deal commentary; 2) record TTM ARPU; and 3) improving consumer engagement metrics, which are positive data points suggesting the platform’s positioning in the end-market is working. Additionally, we think management’s confidence in the business momentum is increasing given that the majority of the ASC-606 benefits will be reinvested in growth vectors for the business. Bottom line: The business has clearly been executing better over the past few quarters. However, the favorable growth comps disappear in 2H18, which is keeping us on the sidelines until there’s more visibility that a double-digit growth profile displayed in 1Q results is sustainable. Maintain Perform.”
According to TipRanks.com, Ikeda is a 4-star analyst with an average return of 32.2% and a 83.3% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software Inc, SPS Commerce, and Autodesk.
Liveperson has an analyst consensus of Strong Buy, with a price target consensus of $19.33.
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Based on Liveperson’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $58.24 million and GAAP net loss of $3.2 million. In comparison, last year the company earned revenue of $50.92 million and had a GAAP net loss of $5.68 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Daniel Richard Murphy, the CFO of LPSN sold 45,000 shares for a total of $736,650.
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LivePerson, Inc. engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
