Brokerages Set LivePerson, Inc. (NASDAQ:LPSN) Target Price at $1.32

Shares of LivePerson, Inc. (NASDAQ:LPSN) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $1.32.

Several research analysts have recently issued reports on LPSN shares. Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Craig Hallum increased 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. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. Finally, StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Friday, September 6th.

Insiders Place Their Bets

In other LivePerson news, CFO John Deneen Collins sold 83,735 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $93,783.20. Following the sale, the chief financial officer now directly owns 372,730 shares in the company, valued at approximately $417,457.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other LivePerson news, CFO John Deneen Collins sold 83,735 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $93,783.20. Following the sale, the chief financial officer now directly owns 372,730 shares in the company, valued at approximately $417,457.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica L. Greenberg sold 34,441 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1.12, for a total transaction of $38,573.92. Following the sale, the executive vice president now owns 181,607 shares in the company, valued at $203,399.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,775 shares of company stock worth $233,347. Company insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Several hedge funds have recently made changes to their positions in LPSN. Susquehanna Fundamental Investments LLC bought a new position in shares of LivePerson in the first quarter valued at $122,000. BNP Paribas Financial Markets lifted its holdings in shares of LivePerson by 264.0% during the first quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company’s stock worth $225,000 after buying an additional 163,978 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after buying an additional 523,694 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of LivePerson during the first quarter worth $143,000. Finally, AIGH Capital Management LLC acquired a new stake in shares of LivePerson during the fourth quarter worth $6,102,000. 79.83% of the stock is owned by institutional investors.

LivePerson Stock Down 1.0 %

Shares of NASDAQ LPSN opened at $1.02 on Monday. The firm has a market capitalization of $90.39 million, a PE ratio of -0.71 and a beta of 1.78. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 7.04. LivePerson has a 1 year low of $0.45 and a 1 year high of $4.74. The firm’s 50-day moving average is $1.20 and its 200-day moving average is $0.89.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 31st. The technology company reported ($0.74) earnings per share (EPS) 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 net margin of 24.23% and a negative return on equity of 101.10%. Equities analysts expect that LivePerson will post -0.41 EPS for the current year.

About LivePerson

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.