Alex Kroman Sells 65,828 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $0.51, for a total transaction of $33,572.28. Following the completion of the transaction, the executive vice president now owns 120,047 shares in the company, valued at $61,223.97. The transaction was disclosed in a filing with the SEC, which is available at this link.

LivePerson Trading Up 6.9 %

Shares of LPSN stock opened at $0.50 on Wednesday. The firm has a market cap of $43.62 million, a P/E ratio of -0.39 and a beta of 1.50. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $6.41. The company has a debt-to-equity ratio of 10.63, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $2.43.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The company had revenue of $95.47 million for the quarter, compared to analysts’ expectations of $95.54 million. LivePerson had a negative return on equity of 47.71% and a negative net margin of 24.99%. As a group, equities analysts forecast that LivePerson, Inc. will post -0.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in LivePerson by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 237,258 shares of the technology company’s stock valued at $923,000 after buying an additional 5,151 shares during the period. Tower Research Capital LLC TRC raised its holdings in LivePerson by 54.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after buying an additional 5,342 shares during the period. Advisory Services Network LLC raised its holdings in LivePerson by 2.6% in the fourth quarter. Advisory Services Network LLC now owns 215,540 shares of the technology company’s stock valued at $817,000 after buying an additional 5,455 shares during the period. SG Americas Securities LLC raised its holdings in LivePerson by 32.2% in the third quarter. SG Americas Securities LLC now owns 26,271 shares of the technology company’s stock valued at $102,000 after buying an additional 6,399 shares during the period. Finally, Swiss National Bank raised its holdings in LivePerson by 5.1% in the third quarter. Swiss National Bank now owns 156,200 shares of the technology company’s stock valued at $608,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LPSN. Roth Mkm lowered shares of LivePerson from a “buy” rating to a “neutral” rating and reduced their target price for the company from $6.00 to $2.00 in a report on Thursday, February 29th. StockNews.com lowered shares of LivePerson from a “hold” rating to a “sell” rating in a report on Monday. Roth Capital lowered shares of LivePerson from a “buy” rating to a “neutral” rating in a report on Thursday, February 29th. Barclays reduced their target price on shares of LivePerson from $3.50 to $1.50 and set an “underweight” rating on the stock in a report on Thursday, February 29th. Finally, B. Riley reduced their target price on shares of LivePerson from $3.75 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.58.

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.