Insider Buying: LiveVox Holdings, Inc. (NASDAQ:LVOX) CEO Acquires $15,600.00 in Stock

LiveVox Holdings, Inc. (NASDAQ:LVOXGet Rating) CEO John D. Dilullo bought 8,000 shares of LiveVox stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average price of $1.95 per share, for a total transaction of $15,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,145,508 shares of the company’s stock, valued at $2,233,740.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LiveVox Price Performance

Shares of LVOX opened at $1.92 on Thursday. LiveVox Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $5.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.75 and a quick ratio of 4.75. The business’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.23.

LiveVox (NASDAQ:LVOXGet Rating) last released its earnings results on Tuesday, November 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The company had revenue of $35.25 million for the quarter, compared to analyst estimates of $35.10 million. LiveVox had a negative net margin of 32.81% and a negative return on equity of 39.08%. Research analysts forecast that LiveVox Holdings, Inc. will post -0.41 EPS for the current year.

Hedge Funds Weigh In On LiveVox

Several institutional investors have recently made changes to their positions in the stock. G2 Investment Partners Management LLC raised its stake in LiveVox by 246.3% during the 1st quarter. G2 Investment Partners Management LLC now owns 620,137 shares of the company’s stock worth $1,873,000 after buying an additional 441,083 shares during the period. B. Riley Financial Inc. bought a new position in shares of LiveVox in the 2nd quarter worth $30,000. Qube Research & Technologies Ltd bought a new position in shares of LiveVox in the 1st quarter worth $77,000. B. Riley Asset Management LLC grew its position in LiveVox by 74.1% in the 1st quarter. B. Riley Asset Management LLC now owns 854,953 shares of the company’s stock valued at $2,582,000 after purchasing an additional 363,872 shares during the period. Finally, Jennison Associates LLC increased its stake in LiveVox by 0.9% during the 1st quarter. Jennison Associates LLC now owns 1,055,178 shares of the company’s stock valued at $3,187,000 after purchasing an additional 9,418 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

Separately, Credit Suisse Group upped their price objective on shares of LiveVox from $2.50 to $3.00 and gave the company a “neutral” rating in a research note on Wednesday, November 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, LiveVox currently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

About LiveVox

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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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