LivePerson (NASDAQ:LPSN) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of LivePerson (NASDAQ:LPSN) in a research note issued to investors on Wednesday morning. The firm issued a sell rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley cut 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. Roth Capital cut shares of LivePerson from a buy rating to a neutral rating in a report on Thursday, February 29th. Loop Capital cut their target price on shares of LivePerson from $3.00 to $1.00 and set a hold rating on the stock in a report on Tuesday, April 23rd. Mizuho cut their target price on shares of LivePerson from $3.00 to $2.00 and set a neutral rating on the stock in a report on Thursday, February 29th. Finally, Roth Mkm cut shares of LivePerson from a buy rating to a neutral rating and cut their target price for the stock from $6.00 to $2.00 in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, LivePerson currently has an average rating of Hold and an average target price of $2.58.

LivePerson Stock Performance

Shares of LivePerson stock opened at $0.51 on Wednesday. The firm has a market cap of $44.72 million, a PE ratio of -0.40 and a beta of 1.49. The firm’s 50-day simple moving average is $1.02 and its 200-day simple moving average is $2.33. The company has a debt-to-equity ratio of 10.63, a quick ratio of 1.20 and a current ratio of 1.20. LivePerson has a 1 year low of $0.45 and a 1 year high of $6.41.

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

Insider Activity

In other LivePerson news, Director William Wesemann purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were bought 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 owns 374,835 shares in the company, valued at approximately $374,835. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Alex Kroman sold 65,828 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $0.51, for a total transaction of $33,572.28. Following 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Wesemann acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $1.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 374,835 shares of the company’s stock, valued at $374,835. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 73,662 shares of company stock valued at $40,411. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its stake in shares of LivePerson by 12.1% during the third quarter. Barclays PLC now owns 93,084 shares of the technology company’s stock valued at $362,000 after acquiring an additional 10,027 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of LivePerson by 77.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,737,186 shares of the technology company’s stock valued at $6,758,000 after acquiring an additional 755,945 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in LivePerson by 100.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 59,914 shares of the technology company’s stock worth $227,000 after buying an additional 29,957 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 worth $923,000 after buying an additional 5,151 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its position in LivePerson by 13.4% in the third quarter. Dark Forest Capital Management LP now owns 152,112 shares of the technology company’s stock worth $592,000 after buying an additional 18,030 shares during the last quarter. Institutional investors and hedge funds 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.