Liveperson (LPSN) Receives a Buy from William Blair

William Blair analyst Arjun Bhatia reiterated a Buy rating on Liveperson (LPSNResearch Report) today. The company’s shares closed last Tuesday at $64.46.

According to TipRanks.com, Bhatia is a 3-star analyst with an average return of 23.0% and a 62.5% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, DoubleVerify Holdings, and Sprout Social.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liveperson with a $74.40 average price target, representing a 16.8% upside. In a report issued on July 20, Needham also reiterated a Buy rating on the stock with a $71.00 price target.

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Liveperson’s market cap is currently $4.44B and has a P/E ratio of -47.00. The company has a Price to Book ratio of 28.64.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPSN in relation to earlier this year. Most recently, in May 2021, Kevin Lavan, a Director at LPSN sold 15,000 shares for a total of $777,450.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LivePerson, Inc. engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The Consumer segment involves in facilitating online transactions between independent service providers and individual consumers seeking information and knowledge for a fee via mobile and online messaging. The company was founded by Robert P. LoCascio on November 29, 1995 and is headquartered in New York, NY.