LivePerson Reaches New 52-Week High (LPSN)

NEW YORK ( TheStreet) -- LivePerson (Nasdaq: LPSN) hit a new 52-week high Monday as it is currently trading at $16.68, above its previous 52-week high of $16.53 with 205,747 shares traded as of 3:30 p.m. ET. Average volume has been 333,400 shares over the past 30 days.

LivePerson has a market cap of $652.4 million and is part of the services sector and diversified services industry. Shares are up 29.6% year to date as of the close of trading on Friday.

LivePerson, Inc. provides online engagement solutions that facilitate real-time assistance and advice. It connects businesses and independent service providers with consumers seeking help on its hosted software platform. The company has a P/E ratio of 26.1, below the average diversified services industry P/E ratio of 58.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LivePerson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full LivePerson Ratings Report.

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