LivePerson, Inc. (NASDAQ:LPSN) Given Consensus Rating of “Reduce” by Brokerages

LivePerson, Inc. (NASDAQ:LPSN) has received a consensus recommendation of “Reduce” from the eight research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1.25.

LPSN has been the topic of several analyst reports. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research report on Friday, November 8th.

Insider Buying and Selling at LivePerson

In related news, CFO John Deneen Collins sold 85,126 shares of LivePerson stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1.05, for a total value of $89,382.30. Following the completion of the sale, the chief financial officer now directly owns 287,604 shares in the company, valued at $301,984.20. This trade represents a 22.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey Ford sold 21,935 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the transaction, the chief accounting officer now owns 378,707 shares in the company, valued at $431,725.98. The trade was a 5.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,061 shares of company stock valued at $224,888. 9.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LivePerson

Large investors have recently bought and sold shares of the company. Wolverine Trading LLC grew its position in LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after purchasing an additional 16,385 shares during the period. Point72 DIFC Ltd acquired a new stake in LivePerson during the second quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in LivePerson during the second quarter worth about $57,000. Tidal Investments LLC purchased a new position in LivePerson during the first quarter valued at approximately $98,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in LivePerson by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after acquiring an additional 60,874 shares during the period. Hedge funds and other institutional investors own 79.83% of the company’s stock.

LivePerson Stock Up 2.4 %

Shares of NASDAQ:LPSN opened at $0.97 on Friday. The company has a 50-day moving average price of $1.08 and a 200 day moving average price of $0.99. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson has a 12 month low of $0.45 and a 12 month high of $3.98. The company has a market cap of $87.60 million, a price-to-earnings ratio of -0.63 and a beta of 1.78.

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.