LivePerson (NASDAQ:LPSN – Get Free Report) announced its quarterly earnings data on Wednesday. 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 for the quarter, compared to the consensus estimate of $53.74 million.
LivePerson Price Performance
LPSN stock traded down $0.05 during midday trading on Thursday, hitting $1.89. 20,496 shares of the stock traded hands, compared to its average volume of 137,530. LivePerson has a 1-year low of $1.80 and a 1-year high of $21.60. The stock’s fifty day simple moving average is $2.24 and its 200-day simple moving average is $2.87. The firm has a market cap of $23.03 million, a P/E ratio of -0.19 and a beta of 1.34.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LivePerson in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LivePerson presently has a consensus rating of “Sell”.
Institutional Investors Weigh In On LivePerson
A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. raised its stake in LivePerson by 31.3% during the third quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company’s stock worth $33,000 after purchasing an additional 13,502 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in LivePerson during the fourth quarter worth $65,000. Quadrature Capital Ltd purchased a new stake in LivePerson in the fourth quarter valued at $253,000. Aequim Alternative Investments LP acquired a new position in shares of LivePerson in the 4th quarter valued at $469,000. Finally, Marshall Wace LLP purchased a new position in shares of LivePerson during the 4th quarter worth $788,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.
LivePerson Company Profile
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.
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