LivePerson (NASDAQ:LPSN) Downgraded by StockNews.com

StockNews.com downgraded shares of LivePerson (NASDAQ:LPSN) from a hold rating to a sell rating in a research report report published on Monday.

Other equities research analysts have also recently issued research reports about the company. Roth Mkm cut LivePerson from a buy rating to a neutral rating and reduced their price objective for the company from $6.00 to $2.00 in a research note on Thursday, February 29th. Barclays cut their price target on LivePerson from $3.50 to $1.50 and set an underweight rating for the company in a research note on Thursday, February 29th. Roth Capital cut LivePerson from a buy rating to a neutral rating in a research note on Thursday, February 29th. Mizuho cut their price target on LivePerson from $3.00 to $2.00 and set a neutral rating for the company in a research note on Thursday, February 29th. Finally, B. Riley cut their price target on LivePerson from $3.75 to $2.00 and set a neutral rating for the company in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $2.58.

LivePerson Price Performance

Shares of NASDAQ LPSN opened at $0.51 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 10.63. LivePerson has a twelve month low of $0.45 and a twelve month high of $6.41. The stock has a 50 day moving average of $1.22 and a two-hundred day moving average of $2.42. The stock has a market cap of $44.54 million, a P/E ratio of -0.40 and a beta of 1.49.

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

Insider Buying and Selling

In other LivePerson news, Director William Wesemann acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of $1.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 374,835 shares of the company’s stock, valued at approximately $374,835. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Alex Kroman sold 65,828 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $0.51, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Wesemann purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of $1.00 per share, with a total value of $100,000.00. Following the transaction, the director now owns 374,835 shares of the company’s stock, valued at $374,835. The disclosure for this purchase can be found here. Insiders have sold 73,662 shares of company stock valued at $40,411 over 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 added to or reduced their stakes in LPSN. Options Solutions LLC purchased a new stake in LivePerson during the 4th quarter worth about $38,000. Victory Capital Management Inc. acquired a new stake in LivePerson in the 4th quarter worth about $39,000. Nisa Investment Advisors LLC lifted its stake in shares of LivePerson by 497.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock valued at $40,000 after purchasing an additional 8,809 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of LivePerson in the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of LivePerson by 54.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after purchasing an additional 5,342 shares in the last quarter. Hedge funds and other 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.