LivePerson Reaches New 52-Week High (LPSN)

NEW YORK ( TheStreet) -- LivePerson (Nasdaq: LPSN) hit a new 52-week high Thursday as it is currently trading at $18.57, above its previous 52-week high of $18.55 with 334,396 shares traded as of 3:10 p.m. ET. Average volume has been 323,700 shares over the past 30 days.

LivePerson has a market cap of $1 billion and is part of the services sector and diversified services industry. Shares are up 35.9% year to date as of the close of trading on Wednesday.

LivePerson, Inc. provides online engagement solutions that facilitate real-time assistance and expert advice in the United States, Canada, Latin America, Europe, and the Asia-Pacific region. The company has a P/E ratio of 79, below the average diversified services industry P/E ratio of 82.6 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full LivePerson Ratings Report.

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