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.
Institutional Ownership:
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.
Analysts Ratings:
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.
