LivePerson, Inc. (NASDAQ:LPSN) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in LivePerson, Inc. (NASDAQ:LPSN) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 772,587 shares of the technology company’s stock after purchasing an additional 21,992 shares during the quarter. Geode Capital Management LLC’s holdings in LivePerson were worth $1,175,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in LivePerson during the fourth quarter worth about $25,000. Avantax Advisory Services Inc. boosted its position in LivePerson by 89.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after acquiring an additional 9,000 shares during the last quarter. Raymond James Financial Inc. acquired a new position in LivePerson during the fourth quarter worth about $66,000. Assenagon Asset Management S.A. acquired a new position in LivePerson during the fourth quarter worth about $68,000. Finally, Mystic Asset Management Inc. boosted its position in LivePerson by 57.5% during the fourth quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company’s stock worth $77,000 after acquiring an additional 18,600 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LPSN. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. StockNews.com lowered shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, LivePerson currently has an average rating of “Hold” and an average target price of $0.83.

Insider Activity

In other news, Director Vanessa Pegueros sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $0.90, for a total value of $27,000.00. Following the sale, the director now directly owns 139,993 shares of the company’s stock, valued at approximately $125,993.70. The trade was a 17.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony John Sabino sold 166,213 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $0.90, for a total transaction of $149,591.70. Following the completion of the sale, the chief executive officer now directly owns 2,920,384 shares in the company, valued at $2,628,345.60. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,204 shares of company stock valued at $287,471. Company insiders own 9.00% of the company’s stock.

LivePerson Price Performance

Shares of LPSN stock opened at $0.87 on Thursday. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50-day moving average is $0.87 and its two-hundred day moving average is $1.04. LivePerson, Inc. has a 12 month low of $0.48 and a 12 month high of $2.08. The company has a market capitalization of $79.44 million, a PE ratio of -0.57 and a beta of 1.67.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.23). LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. The firm had revenue of $73.21 million for the quarter, compared to analysts’ expectations of $68.12 million. During the same period last year, the firm earned ($0.06) earnings per share. Analysts predict that LivePerson, Inc. will post -0.41 earnings per share for the current year.

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.