LivePerson (NASDAQ:LPSN) Upgraded by StockNews.com to “Hold” Rating

LivePerson (NASDAQ:LPSN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently issued reports on LPSN. Barclays boosted their target price on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. Finally, Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1.25.

LivePerson Trading Down 4.5 %

Shares of LivePerson stock opened at $0.78 on Friday. The firm has a 50-day moving average of $1.11 and a 200-day moving average of $0.97. The stock has a market cap of $70.10 million, a PE ratio of -0.51 and a beta of 1.78. LivePerson has a 52-week low of $0.45 and a 52-week high of $3.98. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.36 and a current ratio of 1.27.

Insider Activity at LivePerson

In other news, CFO John Deneen Collins sold 85,126 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeffrey Ford sold 21,935 shares of the firm’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 value of $25,005.90. Following the completion of the sale, the chief accounting officer now directly owns 378,707 shares of the company’s stock, valued at $431,725.98. This trade represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. 9.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Archon Capital Management LLC acquired a new stake in shares of LivePerson in the 1st quarter worth about $5,313,000. Vanguard Group Inc. lifted its position in shares of LivePerson by 6.4% during the 1st 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. GSA Capital Partners LLP bought a new stake in shares of LivePerson in the 3rd quarter worth approximately $513,000. AQR Capital Management LLC bought a new stake in shares of LivePerson in the 2nd quarter worth approximately $159,000. Finally, XTX Topco Ltd grew its stake in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after buying an additional 194,069 shares in the last quarter. 79.83% of the stock is owned by institutional investors.

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.