Benchmark Maintains LivePerson to Buy with Price Target $10.00

Brokerage firm Benchmark Maintains its rating on LivePerson(NASDAQ:LPSN). In a research note issued to the investors, the brokerage major Raises the price-target to $10.00 per share. The shares have been rated Buy. The rating by Benchmark was issued on Sep 23, 2016.

In a different note, On Jul 7, 2016, Benchmark said it Upgrades its rating on LivePerson. The shares have been rated ‘Buy’ by the firm.

LivePerson (LPSN) made into the market gainers list on Tuesdays trading session with the shares advancing 0.84% or 0.07 points. Due to strong positive momentum, the stock ended at $8.38, which is also near the day’s high of $8.46. The stock began the session at $8.31 and the volume stood at 2,85,312 shares. The 52-week high of the shares is $8.5 and the 52 week low is $3.7402. The company has a current market capitalization of $484 M and it has 5,77,78,685 shares in outstanding.

LivePerson(LPSN) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $56.68M. Analysts had an estimated revenue of $56.69M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Sep 21, 2016, Daniel Richard Murphy (Chief Financial Officer) sold 2,318 shares at $8.18 per share price.Also, On Sep 21, 2016, Monica L. Greenberg (EVP, General Counsel) sold 1,551 shares at $8.17 per share price.On Sep 21, 2016, Robert P Locascio (Chief Executive Officer) sold 2,581 shares at $8.16 per share price, according to the Form-4 filing with the securities and exchange commission.

LivePerson Inc. (Liveperson) is a provider of digital engagement solutions offering a cloud-based platform. The Company’s platform enables businesses to connect with consumers through chat voice and content delivery across multiple channels and screens including Websites social media tablets and mobile devices. It monitors and analyzes a set of mobile and online consumer behavioral data on behalf of its customers. As a cloud computing or SaaS provider It provides solutions on a hosted basis. In addition to product offerings LivePerson provides professional services and business consulting to support deployment of its enterprise solutions. Its LiveEngage hosted engagement platform delivers actionable insights to get their existing online mobile and social platforms by engaging consumers based on a real-time understanding of consumer needs. Its Professional Services helps customers optimize the performance of its products through their online sales or service channel(s).

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