Oppenheimer Sticks to Their Hold Rating for Liveperson (LPSN)


Oppenheimer analyst Koji Ikeda maintained a Hold rating on Liveperson (LPSN) today. The company’s shares closed last Monday at $36.38.

According to TipRanks.com, Ikeda is a top 100 analyst with an average return of 35.5% and a 85.2% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software, SPS Commerce, and BlackLine.

Currently, the analyst consensus on Liveperson is a Strong Buy with an average price target of $35.56, representing a -9.7% downside. In a report issued on May 6, J.P. Morgan also maintained a Hold rating on the stock with a $33.00 price target.

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Based on Liveperson’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $78.09 million and GAAP net loss of $37 million. In comparison, last year the company earned revenue of $66.4 million and had a GAAP net loss of $18.89 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPSN in relation to earlier this year. Most recently, in February 2020, William Wesemann, a Director at LPSN bought 15,000 shares for a total of $104,550.

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. The Consumer segment involves in facilitating online transactions between independent service providers and individual consumers seeking information and knowledge for a fee via mobile and online messaging. The company was founded by Robert P. LoCascio on November 29, 1995 and is headquartered in New York, NY.

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