Los Angeles Capital Management LLC Buys 12,273 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Los Angeles Capital Management LLC raised its stake in shares of LivePerson, Inc. (NASDAQ:LPSN) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 418,396 shares of the technology company’s stock after buying an additional 12,273 shares during the quarter. Los Angeles Capital Management LLC owned about 0.47% of LivePerson worth $243,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in shares of LivePerson by 2.6% in the 4th quarter. Advisory Services Network LLC now owns 215,540 shares of the technology company’s stock worth $817,000 after purchasing an additional 5,455 shares during the last quarter. Options Solutions LLC purchased a new stake in LivePerson during the 4th quarter valued at about $38,000. Victory Capital Management Inc. bought a new stake in LivePerson during the 4th quarter valued at about $39,000. Russell Investments Group Ltd. raised its holdings in LivePerson by 11.3% in the fourth quarter. Russell Investments Group Ltd. now owns 163,581 shares of the technology company’s stock worth $620,000 after buying an additional 16,560 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its stake in shares of LivePerson by 45.0% in the first quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock worth $66,000 after buying an additional 20,627 shares in the last quarter. 79.83% of the stock is owned by institutional investors.

LivePerson Stock Up 1.9 %

LPSN stock opened at $1.08 on Monday. The company has a market cap of $96.14 million, a price-to-earnings ratio of -0.75 and a beta of 1.78. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50-day moving average is $1.18 and its two-hundred day moving average is $0.90. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $4.74.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.58). The business had revenue of $79.88 million during the quarter, compared to the consensus estimate of $77.62 million. LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. As a group, analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LPSN. Craig Hallum raised their price target on shares of LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays lifted their target price on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1.32.

Insider Transactions at LivePerson

In other news, EVP Monica L. Greenberg sold 34,441 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $38,573.92. Following the completion of the sale, the executive vice president now directly owns 181,607 shares in the company, valued at approximately $203,399.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other LivePerson news, EVP Monica L. Greenberg sold 34,441 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1.12, for a total transaction of $38,573.92. Following the completion of the sale, the executive vice president now owns 181,607 shares of the company’s stock, valued at $203,399.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Deneen Collins sold 83,735 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $93,783.20. Following the completion of the transaction, the chief financial officer now directly owns 372,730 shares in the company, valued at approximately $417,457.60. The disclosure for this sale can be found here. Insiders have sold 126,649 shares of company stock worth $143,965 in the last 90 days. 9.00% of the stock is currently owned by insiders.

LivePerson Profile

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.