LivePerson, Inc. (NASDAQ:LPSN) Given Average Recommendation of “Hold” by Brokerages

LivePerson, Inc. (NASDAQ:LPSN) has earned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1.32.

A number of equities analysts have weighed in on LPSN shares. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Barclays increased their price target on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, Craig Hallum increased their target price on LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research note on Thursday, August 1st.

LivePerson Stock Performance

NASDAQ LPSN opened at $1.11 on Friday. The stock has a market capitalization of $98.36 million, a price-to-earnings ratio of -0.77 and a beta of 1.79. The business’s 50 day moving average is $1.20 and its two-hundred day moving average is $0.90. LivePerson has a 12-month low of $0.45 and a 12-month high of $3.98. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 7.04.

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 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 analyst estimates of $77.62 million. Research analysts expect that LivePerson will post -0.41 EPS for the current year.

Insiders Place Their Bets

In other LivePerson news, CFO John Deneen Collins sold 85,126 shares of the stock in a transaction 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 sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Monica L. Greenberg sold 34,441 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the completion of the sale, the executive vice president now owns 181,607 shares in the company, valued at approximately $203,399.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John Deneen Collins sold 85,126 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1.05, for a total transaction 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 approximately $301,984.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,775 shares of company stock valued at $233,347. Company insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Several hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in LivePerson during the 2nd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LivePerson during the second quarter worth $57,000. AQR Capital Management LLC bought a new stake in shares of LivePerson in the second quarter worth $159,000. Squarepoint Ops LLC increased its holdings in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after purchasing an additional 93,693 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in 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. Institutional investors own 79.83% of the company’s stock.

LivePerson Company 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.