Squarepoint Ops LLC Acquires 93,693 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Squarepoint Ops LLC lifted its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 25.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 456,251 shares of the technology company’s stock after buying an additional 93,693 shares during the period. Squarepoint Ops LLC owned about 0.51% of LivePerson worth $265,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $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 in the 1st quarter valued at approximately $5,313,000. Los Angeles Capital Management LLC grew its stake in shares of 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 buying an additional 12,273 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 buying an additional 163,978 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in LivePerson by 1,633.2% during the first quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock worth $203,000 after acquiring an additional 193,335 shares in the last quarter. Institutional investors own 79.83% of the company’s stock.

Analyst Ratings Changes

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

LivePerson Stock Performance

LPSN opened at $1.17 on Friday. 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 business has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $0.90. LivePerson, Inc. has a 1 year low of $0.45 and a 1 year high of $3.98. The company has a market capitalization of $104.15 million, a PE ratio of -0.62 and a beta of 1.79.

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

Insider Buying and Selling at LivePerson

In other news, CFO John Deneen Collins sold 85,126 shares of the firm’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 transaction of $89,382.30. Following the transaction, the chief financial officer now directly owns 287,604 shares of the company’s stock, valued at approximately $301,984.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO John Deneen Collins sold 85,126 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1.05, for a total value of $89,382.30. Following the transaction, the chief financial officer now owns 287,604 shares in the company, valued at approximately $301,984.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica L. Greenberg sold 34,441 shares of the company’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 $38,573.92. Following the sale, the executive vice president now directly owns 181,607 shares of the company’s stock, valued at $203,399.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 211,775 shares of company stock valued at $233,347 in the last quarter. Company insiders own 9.00% of the company’s stock.

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.