LivePerson, Inc. (NASDAQ:LPSN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 89.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,800 shares of the technology company’s stock after selling 1,105,606 shares during the quarter. Renaissance Technologies LLC owned approximately 0.15% of LivePerson worth $79,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LPSN. Los Angeles Capital Management LLC boosted its position in LivePerson by 131.3% during the first quarter. Los Angeles Capital Management LLC now owns 406,123 shares of the technology company’s stock worth $405,000 after acquiring an additional 230,564 shares during the last quarter. BNP Paribas Financial Markets boosted its position in LivePerson by 264.0% during the first quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company’s stock worth $225,000 after acquiring an additional 163,978 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its position in LivePerson by 45.0% during the first quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock worth $66,000 after acquiring an additional 20,627 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in LivePerson during the first quarter worth approximately $122,000. Finally, Vanguard Group Inc. raised its stake in LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 523,694 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LPSN shares. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Craig Hallum raised their target price on shares of LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, LivePerson currently has an average rating of “Hold” and a consensus price target of $1.32.

Insiders Place Their Bets

In other news, CFO John Deneen Collins sold 83,735 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total value of $93,783.20. Following the completion of the sale, the chief financial officer now owns 372,730 shares of the company’s stock, valued at approximately $417,457.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Monica L. Greenberg sold 34,441 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total value of $38,573.92. Following the completion of the sale, the executive vice president now owns 181,607 shares of the company’s stock, valued at approximately $203,399.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Deneen Collins sold 83,735 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1.12, for a total transaction of $93,783.20. Following the completion of the sale, the chief financial officer now directly owns 372,730 shares of the company’s stock, valued at $417,457.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,775 shares of company stock worth $233,347 in the last quarter. 9.00% of the stock is owned by corporate insiders.

LivePerson Stock Performance

Shares of LPSN stock opened at $1.14 on Tuesday. LivePerson, Inc. has a 12 month low of $0.45 and a 12 month 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 $101.02 million, a P/E ratio of -0.79 and a beta of 1.79. The company’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $0.90.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.58). LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. The firm had revenue of $79.88 million during the quarter, compared to analyst estimates of $77.62 million. On average, research analysts anticipate that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

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.