Brokerages Set LivePerson, Inc. (NASDAQ:LPSN) Price Target at $1.25

LivePerson, Inc. (NASDAQ:LPSN) has received a consensus recommendation of “Reduce” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.25.

Several research analysts have recently issued reports on the stock. Craig Hallum downgraded shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a report on Friday, November 8th. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th.

Insider Activity at LivePerson

In other LivePerson news, CFO John Deneen Collins sold 130,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total transaction of $110,500.00. Following the sale, the chief financial officer now directly owns 997,604 shares of the company’s stock, valued at approximately $847,963.40. This represents a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce Edward Hansen sold 84,944 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The disclosure for this sale can be found here. Insiders have sold a total of 227,848 shares of company stock valued at $203,091 over the last quarter. 2.00% of the stock is owned by company insiders.

Institutional Trading of LivePerson

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after buying an additional 15,032 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in LivePerson during the second quarter worth about $57,000. Squarepoint Ops LLC grew its stake in LivePerson by 25.8% during the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock worth $265,000 after buying an additional 93,693 shares during the last quarter. Point72 DIFC Ltd bought a new stake in LivePerson during the second quarter worth about $32,000. Finally, Wolverine Trading LLC grew its stake in LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after buying an additional 16,385 shares during the last quarter. 79.83% of the stock is owned by institutional investors.

LivePerson Stock Up 2.3 %

LivePerson stock opened at $1.36 on Friday. The firm has a market cap of $122.75 million, a price-to-earnings ratio of -0.89 and a beta of 1.59. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $3.29. The firm has a fifty day moving average price of $1.04 and a two-hundred day moving average price of $1.12.

LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, November 7th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The firm had revenue of $74.24 million for the quarter, compared to analyst estimates of $71.56 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, analysts forecast that LivePerson will post -0.41 earnings per share for the current year.

LivePerson Company 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.