Jefferies took its LivePerson [LPSN] rating to the equivalent of Hold from Buy, and the price target to $65.0 from $55, in a research note dated 2021-01-11. That figure represents around a -0.03% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Needham’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in mid March. Meanwhile, The Benchmark Company had maintained its rating on LPSN to the earlier “Buy” rating, in a research note produced for clients February 14, 2020. In addition, there was a downgrade from Oppenheimer on February 14, 2020. The rater changed LPSN from “an Outperform” to “a Perform”.
Is LivePerson Inc. [NASDAQ:LPSN] a Good Buy Right Now?
It should be noted that LPSN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the past month. Data from LivePerson Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.83 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.9 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.78 million shares.
LPSN Price Performance
On Wall Street, LivePerson Inc. [NASDAQ:LPSN] finished Friday’s session up 1.64% at $65.02. The stock went up to $66.91 at the same session while its lowest single day price was $64.21. In the last five days, it saw a rise of about 4.48%, LivePerson Inc. shares gained by almost 4.48% since the beginning of the year. However, the share price has dropped to as low as -5.15% below its one year high. On 01/08/21, the company shares recorded $66.91, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $59.32. The company’s shares have inclined by 64.52% in the past year. The 50-day SMA achieved is $57.77 while the 200-day SMA is $46.16. Volume dropped to 1.02 million from 1.16 million in the previous session.
LPSN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 63.85 level, and in case of violation of this particular level, it will cause more drop to 62.68 level. On the upper level, 68.08 is still the key resistance. The stock may increase to the subsequent resistance at 66.55. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.01, implying a neutral technical stance while the MACD stands at -0.32, meaning price will decrease in the next trading period. Percent R indicator moved to 38.24%, implying low price movement. Stochastic %K at 51.17% suggest selling the stock.
What is the short interest in LivePerson Inc.?
Short interest in the LivePerson Inc. stock has plunged, decreasing by -0.23 million shares to total 11.42 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 11.19 million, data from Yahoo Finance shows. The increase of 2.01% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 27.07% of the overall float for the stock.
LivePerson Inc.’s Biggest Shareholders: Who Owns LivePerson Inc. [LPSN]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 8,515,507 shares or roughly 12.73% of the outstanding LPSN shares. This means their shares have reduced by -178,134 from the 8,515,507 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Management & Research Co updated stake is worth $425,161,949. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -2.39% stake valued at $362,271,534 while Artisan Partners LP cut theirs at $185,309,876. During the last quarter, The Vanguard Group, Inc. liquidated -151,677 of its shares in LivePerson Inc. while Artisan Partners LP sold -25,558 shares. The Janus Capital Management LLC’s holdings currently number 2,829,611 shares at $183981307.22. According to the firm’s last 13F report, Granahan Investment Management, I shares in the company at filing stood at 2,742,798 shares, roughly $160,234,259.
LPSN Earnings Forecast For The Current Quarter
LivePerson Inc. [LPSN] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $98.97M and an earnings per share of $0 for Dec 2020. Looking further ahead, the company is expected to report revenue of $98.68M at an EPS of -$0.05 for Mar 2021. The estimates represent upside of 23.30% and 108.30% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
LPSN Earnings Estimates For The Current Year
For the financial year, LivePerson Inc. [NASDAQ:LPSN] is expected to bring in revenue of $363.21M. The returns are nearly $71.6 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.12, higher than that of FY19 by $0.4. Estimates put this year’s earnings growth at 76.90%, 108.30% for the next, and at an annual 30.00% over the next 5-year period. As for sales, forecasts are for an increase of 24.60% in the current fiscal year and a further 23.30% over the following year.