Brokerages Set LivePerson, Inc. (NASDAQ:LPSN) PT at $1.25

LivePerson, Inc. (NASDAQ:LPSN) has earned an average rating of “Reduce” from the eight research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $1.25.

Several research firms have recently weighed in on LPSN. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Craig Hallum cut LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a report on Friday, November 8th.

LivePerson Stock Down 7.7 %

Shares of NASDAQ LPSN opened at $0.90 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The company has a market cap of $80.83 million, a price-to-earnings ratio of -0.59 and a beta of 1.78. LivePerson has a 12 month low of $0.45 and a 12 month high of $3.98. The stock has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $1.00.

Insider Activity at LivePerson

In related news, CAO Jeffrey Ford sold 21,935 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the sale, the chief accounting officer now directly owns 378,707 shares in the company, valued at $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John Deneen Collins sold 85,126 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 owns 287,604 shares in the company, valued at $301,984.20. The trade was a 22.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 237,061 shares of company stock worth $224,888 over the last ninety days. Insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

Several institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC boosted its holdings 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 acquiring an additional 12,273 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of LivePerson by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after buying an additional 15,032 shares in the last quarter. Wolverine Trading LLC boosted its holdings in shares of LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after buying an additional 16,385 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of LivePerson during the 2nd quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of LivePerson by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after buying an additional 60,874 shares in the last quarter. 79.83% of the stock is currently 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.