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

Shares of LivePerson, Inc. (NASDAQ:LPSN) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $1.32.

A number of brokerages have weighed in on LPSN. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. Craig Hallum upped their price objective on shares of LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays upped their price objective on shares of LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating 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.

LivePerson Price Performance

Shares of LPSN opened at $1.17 on Friday. LivePerson has a 1-year low of $0.45 and a 1-year high of $3.98. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $103.68 million, a PE ratio of -0.81 and a beta of 1.79. The company’s fifty day moving average price is $1.20 and its 200-day moving average price is $0.90.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.58). LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. The business had revenue of $79.88 million during the quarter, compared to analysts’ expectations of $77.62 million. On average, equities research analysts predict that LivePerson will post -0.41 EPS for the current year.

Insider Buying and Selling

In other LivePerson news, EVP Monica L. Greenberg sold 34,441 shares of the 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 $38,573.92. Following the sale, the executive vice president now directly owns 181,607 shares in the company, valued at $203,399.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other LivePerson news, CFO John Deneen Collins sold 85,126 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1.05, for a total transaction of $89,382.30. Following the sale, the chief financial officer now directly owns 287,604 shares in the company, valued at $301,984.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Monica L. Greenberg sold 34,441 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were 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 in the company, valued at $203,399.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,775 shares of company stock valued at $233,347. Company insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in LivePerson by 6.4% in the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after buying an additional 523,694 shares in the last quarter. Archon Capital Management LLC acquired a new stake in LivePerson in the first quarter valued at $5,313,000. Palogic Value Management L.P. raised its stake in LivePerson by 119.5% in the fourth quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock valued at $3,246,000 after buying an additional 466,320 shares in the last quarter. Squarepoint Ops LLC raised its stake in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after buying an additional 93,693 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in LivePerson by 3.0% in the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after buying an additional 12,273 shares in the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

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.