LiveVox Holdings, Inc. (NASDAQ:LVOX) Short Interest Up 9.2% in April

LiveVox Holdings, Inc. (NASDAQ:LVOX – Get Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 1,190,000 shares, an increase of 9.2% from the April 15th total of 1,090,000 shares. Based on an average daily trading volume, of 62,300 shares, the days-to-cover ratio is currently 19.1 days. Currently, 9.4% of the company’s stock are short sold.

Hedge Funds Weigh In On LiveVox

Several institutional investors have recently made changes to their positions in LVOX. Rockefeller Capital Management L.P. purchased a new stake in LiveVox in the third quarter worth about $59,000. B. Riley Asset Management LLC lifted its holdings in LiveVox by 18.2% during the third quarter. B. Riley Asset Management LLC now owns 2,529,314 shares of the company’s stock valued at $7,461,000 after purchasing an additional 389,496 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of LiveVox by 39.3% in the third quarter. Boothbay Fund Management LLC now owns 519,567 shares of the company’s stock worth $1,533,000 after purchasing an additional 146,715 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of LiveVox in the third quarter worth $47,000. Finally, Rhumbline Advisers purchased a new position in shares of LiveVox during the 2nd quarter valued at $40,000. Institutional investors own 86.77% of the company’s stock.

LiveVox Trading Up 1.6 %

NASDAQ:LVOX opened at $2.61 on Tuesday. The company has a market cap of $261.92 million, a PE ratio of -7.46 and a beta of -0.85. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $2.79 and a two-hundred day simple moving average of $2.65. LiveVox has a 12 month low of $1.40 and a 12 month high of $3.41.

LiveVox (NASDAQ:LVOX – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). LiveVox had a negative return on equity of 36.02% and a negative net margin of 27.55%. The firm had revenue of $35.69 million during the quarter, compared to the consensus estimate of $34.27 million. Research analysts forecast that LiveVox will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

LVOX has been the subject of a number of research analyst reports. Cantor Fitzgerald lifted their target price on LiveVox from $2.60 to $3.00 in a report on Wednesday, May 10th. Credit Suisse Group decreased their target price on LiveVox from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Friday, March 3rd.

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.