Bank of New York Mellon Corp Sells 238,087 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Bank of New York Mellon Corp trimmed its stake in shares of LivePerson, Inc. (NASDAQ:LPSN) by 79.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,387 shares of the technology company’s stock after selling 238,087 shares during the period. Bank of New York Mellon Corp owned approximately 0.07% of LivePerson worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LPSN. Virtu Financial LLC purchased a new position in shares of LivePerson in the 1st quarter worth $143,000. Tidal Investments LLC purchased a new stake in LivePerson during the 1st quarter worth approximately $98,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of LivePerson by 94.4% in the 1st 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 last quarter. Quadrature Capital Ltd boosted its holdings in shares of LivePerson by 1,633.2% in the 1st quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock valued at $203,000 after acquiring an additional 193,335 shares during the last quarter. Finally, Archon Capital Management LLC purchased a new stake in LivePerson during the first quarter worth $5,313,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LPSN shares. Barclays increased 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. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, Craig Hallum increased their target price on shares of LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, LivePerson has a consensus rating of “Hold” and a consensus price target of $1.32.

LivePerson Trading Up 5.0 %

NASDAQ LPSN opened at $1.26 on Friday. LivePerson, Inc. has a 12 month low of $0.45 and a 12 month high of $4.25. The company has a 50-day moving average of $1.22 and a 200-day moving average of $0.89. 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 company has a market cap of $111.65 million, a P/E ratio of -0.88 and a beta of 1.78.

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

Insider Activity at LivePerson

In other news, EVP Monica L. Greenberg sold 34,441 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $38,573.92. Following the completion of the transaction, the executive vice president now owns 181,607 shares of the company’s stock, valued at $203,399.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Monica L. Greenberg sold 34,441 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $38,573.92. Following the completion of the transaction, the executive vice president now owns 181,607 shares in the company, valued at approximately $203,399.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Deneen Collins sold 85,126 shares of the 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 of the company’s stock, valued at $301,984.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,775 shares of company stock valued at $233,347. Corporate insiders own 9.00% of the company’s stock.

LivePerson 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.