What’s Ahead for LivePerson, Inc. (LPSN) After Achieving 52-Week High?

June 14, 2018 - By Ash Ash

LivePerson, Inc. (NASDAQ:LPSN) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.26, from 1.29 in 2017Q4. It is negative, as 17 investors sold LivePerson, Inc. shares while 43 reduced holdings. 24 funds opened positions while 38 raised stakes. 44.79 million shares or 2.43% more from 43.73 million shares in 2017Q4 were reported.
Awm Invest Incorporated accumulated 6.03% or 1.91 million shares. The New York-based Alliancebernstein Ltd Partnership has invested 0% in LivePerson, Inc. (NASDAQ:LPSN). Philadelphia Tru Com holds 0.01% or 10,000 shares in its portfolio. Castleark Management Ltd Liability Corporation has 0.24% invested in LivePerson, Inc. (NASDAQ:LPSN). Hanseatic Mngmt Ser invested in 158 shares or 0% of the stock. New York State Common Retirement Fund owns 184,407 shares for 0% of their portfolio. Herald Investment holds 2.43% or 500,000 shares in its portfolio. 196,865 were accumulated by United Service Automobile Association. Sei Invs Co reported 35 shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in LivePerson, Inc. (NASDAQ:LPSN) for 2,252 shares. 150,400 are owned by Pdts Prns Ltd Liability Corporation. Swiss Fincl Bank owns 0% invested in LivePerson, Inc. (NASDAQ:LPSN) for 88,900 shares. Victory Cap Management has 4,008 shares for 0% of their portfolio. Miles Cap Incorporated has 0.14% invested in LivePerson, Inc. (NASDAQ:LPSN) for 15,264 shares. Thrivent Fincl For Lutherans holds 35,257 shares or 0% of its portfolio.

Since March 7, 2018, it had 0 insider purchases, and 23 sales for $17.91 million activity. LOCASCIO ROBERT P sold $5.83 million worth of LivePerson, Inc. (NASDAQ:LPSN) on Wednesday, May 30. Murphy Daniel Richard had sold 55,000 shares worth $858,752. 35,000 shares were sold by Block Peter, worth $718,200. 438 shares were sold by Carlough Daryl, worth $6,701. Shares for $22,644 were sold by Greenberg Monica L..

The stock of LivePerson, Inc. (NASDAQ:LPSN) hit a new 52-week high and has $24.26 target or 4.00 % above today’s $23.33 share price. The 6 months bullish chart indicates low risk for the $1.42 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $24.26 price target is reached, the company will be worth $56.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.08% or $0.48 during the last trading session, reaching $23.33. About 543,186 shares traded or 14.01% up from the average. LivePerson, Inc. (NASDAQ:LPSN) has risen 96.91% since June 14, 2017 and is uptrending. It has outperformed by 84.34% the S&P500.

Analysts await LivePerson, Inc. (NASDAQ:LPSN) to report earnings on July, 25. They expect $-0.04 earnings per share, down 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.03 actual earnings per share reported by LivePerson, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

LivePerson, Inc. (NASDAQ:LPSN) Ratings Coverage

Among 3 analysts covering Liveperson (NASDAQ:LPSN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Liveperson had 4 analyst reports since February 21, 2018 according to SRatingsIntel. Ladenburg maintained LivePerson, Inc. (NASDAQ:LPSN) on Monday, June 4 with “Buy” rating. FBR Capital maintained LivePerson, Inc. (NASDAQ:LPSN) on Thursday, March 15 with “Buy” rating. FBR Capital maintained LivePerson, Inc. (NASDAQ:LPSN) on Wednesday, February 21 with “Buy” rating. The company was maintained on Friday, March 16 by Needham.

More recent LivePerson, Inc. (NASDAQ:LPSN) news were published by: Prnewswire.com which released: “Car and Driver Partners With Contact At Once! To Enable Messaging Platform For Conversational Commerce” on June 12, 2018. Also Gurufocus.com published the news titled: “Liveperson Inc (LPSN) CEO Robert P Locascio Sold $5.8 million of Shares” on June 02, 2018. Streetinsider.com‘s news article titled: “UPDATE: LivePerson (LPSN) PT Raised to $24 at Ladenburg Thalmann” with publication date: June 04, 2018 was also an interesting one.

LivePerson, Inc. provides mobile and online business messaging solutions that power digital communication between brands and consumers. The company has market cap of $1.42 billion. It operates in two divisions, Business and Consumer. It currently has negative earnings. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for firms of various sizes.

LivePerson, Inc. (NASDAQ:LPSN) Institutional Positions Chart

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