LivePerson Inc. (NASDAQ:LPSN) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.04 – $0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06, AnalystRatings.Net reports. The company issued revenue guidance of $46 – $47 million, compared to the consensus revenue estimate of $47.08 million.
Shares of LivePerson Inc. (NASDAQ:LPSN) traded down 1.51% during mid-day trading on Wednesday, hitting $9.11. 420,625 shares of the company’s stock traded hands. LivePerson Inc. has a 52 week low of $8.03 and a 52 week high of $15.19. The stock has a 50-day moving average of $9. and a 200-day moving average of $9.76. The company has a market cap of $492.2 million and a P/E ratio of 770.83.
LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.03. The company had revenue of $45.20 million for the quarter, compared to the consensus estimate of $44.48 million. During the same quarter last year, the company posted $0.08 earnings per share. LivePerson’s revenue was up 13.9% compared to the same quarter last year. Analysts expect that LivePerson Inc. will post $0.19 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of LivePerson in a research note to investors on Thursday, October 3rd. They set a neutral rating on the stock. Analysts at Benchmark Co. cut their price target on shares of LivePerson from $12.00 to $10.00 in a research note to investors on Tuesday, October 1st. They now have a hold rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $14.58.
LivePerson, Inc (NASDAQ:LPSN) is a provider of online engagement solutions offering a cloud-based platform, which enables businesses to proactively connect with consumers through chat, voice, and content delivery, across multiple channels and screens, including websites, social media, and mobile devices.
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