LivePerson (NASDAQ:LPSN) Shares Cross Above 200 Day Moving Average – Should You Sell?

LivePerson, Inc. (NASDAQ:LPSN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.93 and traded as high as $1.29. LivePerson shares last traded at $1.21, with a volume of 2,026,901 shares trading hands.

Analyst Upgrades and Downgrades

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

LivePerson Stock Up 0.8 %

The business has a fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $0.93. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 7.04. The company has a market cap of $107.22 million, a PE ratio of -0.84 and a beta of 1.79.

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 return on equity of 101.10% and a negative net margin of 24.23%. The company had revenue of $79.88 million for the quarter, compared to analysts’ expectations of $77.62 million. As a group, equities research analysts predict that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Insider Transactions at LivePerson

In other news, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction on Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the transaction, the chief accounting officer now owns 378,707 shares in the company, valued at $431,725.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction on Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the transaction, the chief accounting officer now owns 378,707 shares in the company, valued at $431,725.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Deneen Collins sold 83,735 shares of LivePerson stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $93,783.20. Following the transaction, the chief financial officer now owns 372,730 shares in the company, valued at approximately $417,457.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,237 shares of company stock worth $246,745 in the last quarter. 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 modified their holdings of the business. Vanguard Group Inc. increased 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 purchasing an additional 523,694 shares during the last quarter. Archon Capital Management LLC acquired a new stake in shares of LivePerson during the 1st quarter worth about $5,313,000. Squarepoint Ops LLC increased its position in shares of LivePerson by 25.8% during the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock worth $265,000 after purchasing an additional 93,693 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of LivePerson by 3.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after purchasing an additional 12,273 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of LivePerson during the 2nd quarter worth about $159,000. 79.83% of the stock is owned by institutional investors and hedge funds.

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.