Liveperson Inc (NASDAQ: LPSN) stock jumped 0.95% on Friday to $3.19 against a previous-day closing price of $3.16. With 2.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.7 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $3.2450 whereas the lowest price it dropped to was $3.0650. The 52-week range on LPSN shows that it touched its highest point at $18.17 and its lowest point at $2.33 during that stretch. It currently has a 1-year price target of $4.25. Beta for the stock currently stands at 1.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LPSN was up-trending over the past week, with a rise of 15.58%, but this was up by 19.03% over a month. Three-month performance dropped to -21.43% while six-month performance fell -27.83%. The stock lost -73.33% in the past year, while it has lost -68.54% so far this year. A look at the trailing 12-month EPS for LPSN yields -1.35 with Next year EPS estimates of 0.06. For the next quarter, that number is 0.02. This implies an EPS growth rate of 133.30% for this year and -75.67% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -56.77%.
Float and Shares Shorts:
At present, 75.58 million LPSN shares are outstanding with a float of 75.51 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.73 million, which was 7.34% higher than short shares on Sep 28, 2023. In addition to Mr. John Deneen Collins as the firm’s Interim CEO, CFO, Principal Executive Officer & Principal Financial Officer, Mr. Robert P. LoCascio serves as its Founder & Special Advisor.
Through their ownership of 80.71% of LPSN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.76% of LPSN, in contrast to 30.87% held by mutual funds. Shares owned by individuals account for 12.98%. As the largest shareholder in LPSN with 9.64% of the stake, The Vanguard Group, Inc. holds 7,522,576 shares worth 7,522,576. A second-largest stockholder of LPSN, BlackRock Fund Advisors, holds 5,954,952 shares, controlling over 7.63% of the firm’s shares. Solel Partners LP is the third largest shareholder in LPSN, holding 3,732,200 shares or 4.78% stake. With a 2.85% stake in LPSN, the Mackenzie US Mid Cap Growth Class is the largest stakeholder. A total of 2,226,045 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.77% of LPSN stock, is the second-largest Mutual Fund holder. It holds 2,161,862 shares valued at 5.71 million. Mackenzie US Small-Mid Cap Growth holds 2.28% of the stake in LPSN, owning 1,774,395 shares worth 4.68 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LPSN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LPSN analysts setting a high price target of $7.00 and a low target of $3.00, the average target price over the next 12 months is $4.25. Based on these targets, LPSN could surge 119.44% to reach the target high and fall by -5.96% to reach the target low. Reaching the average price target will result in a growth of 33.23% from current levels.
Summary of Insider Activity:
Insiders traded LPSN stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 162,922 shares were bought while 615 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 510,918 while 47,688 shares were sold.