LivePerson (LPSN) is Reiterated by The Benchmark Company to Hold, Raises Price Target to $ 6

LivePerson (LPSN) was Reiterated by The Benchmark Company to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $5 . The Benchmark Company advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on LivePerson. Shares were Reiterated by The Benchmark Company on Feb 11, 2016 to “Hold” and Lowered the Price Target to $ 5 from a previous price target of $8 .

On the company’s financial health, LivePerson reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.04. The company had revenue of $59.20 million for the quarter, compared to analysts expectations of $59.48 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

LivePerson closed down -0.03 points or -0.50% at $5.98 with 1,89,382 shares getting traded on Wednesday. Post opening the session at $6.01, the shares hit an intraday low of $5.885 and an intraday high of $6.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 21, 2015, William Wesemann (director) purchased 10,000 shares at $8.02 per share price. According to the SEC, on May 22, 2015, Daniel Richard Murphy (CFO) purchased 1,500 shares at $8.85 per share price. On Mar 10, 2015, Alan Banks (EVP, Global Sales/Cust Success) sold 20,000 shares at $11.36 per share price, according to the Form-4 filing with the securities and exchange commission.

LivePerson Inc. (Liveperson) is a provider of digital engagement solutions offering a cloud-based platform. The Company’s platform enables businesses to connect with consumers through chat voice and content delivery across multiple channels and screens including Websites social media tablets and mobile devices. It monitors and analyzes a set of mobile and online consumer behavioral data on behalf of its customers. As a cloud computing or SaaS provider It provides solutions on a hosted basis. In addition to product offerings LivePerson provides professional services and business consulting to support deployment of its enterprise solutions. Its LiveEngage hosted engagement platform delivers actionable insights to get their existing online mobile and social platforms by engaging consumers based on a real-time understanding of consumer needs. Its Professional Services helps customers optimize the performance of its products through their online sales or service channel(s).


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