Northland Securities Believes Liveperson (LPSN) Won’t Stop Here


Northland Securities analyst Michael Latimore maintained a Buy rating on Liveperson (LPSN) today and set a price target of $33. The company’s shares closed on Friday at $29.07, close to its 52-week high of $30.50.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.7% and a 59.1% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

Liveperson has an analyst consensus of Strong Buy, with a price target consensus of $35.55, which is a 22.3% upside from current levels. In a report issued on May 3, Oppenheimer also assigned a Buy rating to the stock with a $33 price target.

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Based on Liveperson’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $18.89 million. In comparison, last year the company had a GAAP net loss of $3.2 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Earlier this month, William Wesemann, a Director at LPSN bought 15,000 shares for a total of $50,250.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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