BlackRock Fund Advisors has recently announced that it has increased stake in LivePerson Inc. (NASDAQ:LPSN) by 6.52%. After grabbing 11.54 million shares, the institutional investor is now in possession of 0.71 million shares of the Technology Company. The new investment brought the stake of investor firm to 15.38% having worth around $121.95 million. Moreover, The Vanguard Group, Inc. increased its share by 0.6 million to have a control over 8.84 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.16 million shares by acquiring 2.69 million shares or 3.58% of the stake.
LivePerson Inc. (LPSN) concluded trading on 11/23/22 at a closing price of $10.84, with 0.49 million shares of worth about $5.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.31% during that period and on Wednesday the price saw a gain of about 1.50%. Currently the company’s common shares owned by public are about 77.78M shares, out of which, 70.09M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the LPSN stock and their offered price forecasts bring an average price target of $13.45. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $25.00 and could fall to a lowest price of $8.00. The stock’s current price level is 19.41% above of average price target set by the analysts, while a rise to estimated low would result in loss of -35.5% for the stock. However, touching the estimated high of $25.00 would mean a gain of 56.64% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 27 times over the past 12 months. They bought 417,894 shares in 13 of the transactions. In 14 selling transactions, insiders dumped 46,020 shares.
iShares Core S&P Small Cap ETF, Mackenzie US Mid Cap Growth Class, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in LivePerson Inc. iShares Core S&P Small Cap ETF is currently holding 5.15 million shares of worth totaling $54.46 million. The company recently came buying 3936.0 shares which brought its stake up to 6.87% of the company’s outstanding shares. Mackenzie US Mid Cap Growth Class bought 0.76 million shares, after which its hold over company’s outstanding shares expand to 2.97%, leaving 2.23 million shares with the mutual fund that have a worth of about $23.53 million. Vanguard Total Stock Market Index, after buying 2.14 million shares, have now control over 2.85% of the stake in the company. It holds 0.0 shares of worth $22.57 million.
LivePerson Inc. (NASDAQ: LPSN) started trading at $10.69, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 10.90, or with a gain of 1.50%. Stock saw a price change of -9.36% in past 5 days and over the past one month there was a price change of 9.16%. Year-to-date (YTD), LPSN shares are showing a performance of -69.65% which decreased to -72.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.96 but also hit the highest price of $41.05 during that period. The average intraday trading volume for LivePerson Inc. shares is 1.07 million. The stock is currently trading -3.90% below its 20-day simple moving average (SMA20), while that difference is up 5.21% for SMA50 and it goes to -33.75% lower than SMA200.
BlackRock Fund Advisors acquired 11.54 million shares of LivePerson Inc. having value of about $121.95 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.71 million shares in the company valued at close to $7651251.4, or have control over 6.52% stake in the company. LivePerson Inc. (NASDAQ: LPSN) currently have 77.78M outstanding shares and institutions hold larger chunk of about 87.90% of that. Holding of mutual funds in the company is about 35.22% while other institutional holders and individual stake holders have control over 56.63% and 12.96% of the stake respectively.
The stock has a current market capitalization of $857.23M and its 3Y-monthly beta is at 1.37. It has posted earnings per share of -$3.08 in the same period. It has Quick Ratio of 2.20 while making debt-to-equity ratio of 8.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LPSN, volatility over the week remained 6.58% while standing at 8.05% over the month.
Analysts are in expectations that LivePerson Inc. (LPSN) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.41 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.90% while it is estimated to increase by 72.60% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -31.20% made by the stock over the past 5-years.
Analysts at 13 brokerage firms have issued recommendations for the LivePerson Inc. (LPSN)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 13 Wall Street analysts, 2 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on September 23, 2022 offering an Underperform rating for the stock and assigned a target price of $8 to it. Coverage by KeyBanc Capital Markets stated LivePerson Inc. (LPSN) stock as an Overweight in their note to investors on September 13, 2022, suggesting a price target of $16 for the stock. On August 09, 2022, Loop Capital Downgrade their recommendations, while on May 10, 2022, ROTH Capital Upgrade their ratings for the stock with a price target of $25. Stock get a Mkt perform rating from William Blair on February 25, 2022.