LiveVox Holdings, Inc. (NASDAQ:LVOX – Get Rating)’s stock price dropped 1.4% during trading on Tuesday . The company traded as low as $2.75 and last traded at $2.87. Approximately 17,937 shares were traded during trading, a decline of 53% from the average daily volume of 38,250 shares. The stock had previously closed at $2.91.
Analyst Upgrades and Downgrades
Separately, Credit Suisse Group lifted their target price on LiveVox from $2.50 to $3.00 and gave the company a “neutral” rating in a research note on Wednesday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.60.
LiveVox Price Performance
The business’s 50 day moving average is $2.54 and its 200-day moving average is $2.43. The company has a quick ratio of 4.75, a current ratio of 4.75 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $287.14 million, a P/E ratio of -6.11 and a beta of -1.18.
LiveVox (NASDAQ:LVOX – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). LiveVox had a negative net margin of 32.81% and a negative return on equity of 39.08%. The business had revenue of $35.25 million for the quarter, compared to analysts’ expectations of $35.10 million. As a group, sell-side analysts predict that LiveVox Holdings, Inc. will post -0.37 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Financial Inc. acquired a new stake in LiveVox in the second quarter valued at approximately $30,000. Bank of New York Mellon Corp lifted its holdings in shares of LiveVox by 14.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 48,672 shares of the company’s stock worth $144,000 after acquiring an additional 6,017 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in LiveVox during the 2nd quarter worth approximately $105,000. Woodline Partners LP purchased a new stake in shares of LiveVox in the 2nd quarter valued at approximately $85,000. Finally, Jane Street Group LLC acquired a new position in shares of LiveVox in the 2nd quarter valued at $62,000. Institutional investors own 86.77% of the company’s stock.
LiveVox, Inc develops and provides cloud contact center software for businesses. Its products include Four Clouds, an outbound voice solution that enables to manage regulatory requirements with the option of three manual and one automated outbound dialing system; bundles, including two-way messaging, outbound campaigns and compliance, speech analytics, inbound contact center, and cloud interactive voice response (IVR) solutions; inbound voice solutions, which comprise automatic call distributor, IVR, and wallboards; and blended omnichannel solutions, such as voice, email, SMS, virtual agents, and webchat.
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