Liveperson Inc (NASDAQ: LPSN) Stock: Will It Keep Climbing Higher?

In the last trading session, 1.14 million shares of the Liveperson Inc (NASDAQ:LPSN) were traded, and its beta was 1.78. Most recently the company’s share price was $1.18, and it changed around -$0.07 or -5.60% from the last close, which brings the market valuation of the company to $106.51M. LPSN currently trades at a discount to its 52-week high of $3.98, offering almost -237.29% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 61.86% since then. We note from Liveperson Inc’s average daily trading volume that its 10-day average is 2.43 million shares, with the 3-month average coming to 3.47 million.

Liveperson Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended LPSN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Liveperson Inc is expected to report earnings per share of -0.22 for the current quarter.

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Liveperson Inc (NASDAQ:LPSN) trade information

Instantly LPSN has showed a red trend with a performance of -5.60% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2900 on recent trading dayincreased the stock’s daily price by 8.53%. The company’s shares are currently down -68.87% year-to-date, but still down -7.81% over the last five days. On the other hand, Liveperson Inc (NASDAQ:LPSN) is 13.46% up in the 30-day period. We can see from the shorts that 6.06 million shares have been sold at a short interest cover period of 1.95 day(s).

The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 83.14% from its current value. Analyst projections state that LPSN is forecast to be at a low of $1 and a high of $20.

Liveperson Inc (LPSN) estimates and forecasts

Liveperson Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 47.33 percent over the past six months and at a 11.76% annual growth rate that is well above the industry average of 4.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 67.60% in revenue this quarter, and will report an increase of 66.70% in the next quarter. The year-over-year growth rate is expected to be -23.50%, down from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 71.13M in revenue for the current quarter. 6 analysts expect Liveperson Inc to make 71.26M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 101.33M and 95.47M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -29.80%. Forecasts for the next quarter put sales growth at -25.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.76%. Liveperson Inc earnings are expected to increase by -138.73% in 2024, but the outlook is positive 15.00% per year for the next five years.

LPSN Dividends

Liveperson Inc’s next quarterly earnings report is expected to be released in November.

Liveperson Inc (NASDAQ:LPSN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.29% of Liveperson Inc shares, and 50.23% of them are in the hands of institutional investors. The stock currently has a share float of 54.76%. Liveperson Inc stock is held by 114.0 institutions, with VECTOR CAPITAL MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 12.3743% of the shares, which is about 10.9 million shares worth $6.33 million.

VANGUARD GROUP INC, with 8.1918% or 7.22 million shares worth $4.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.