LivePerson, Inc. (NASDAQ:LPSN) CAO Sells $25,005.90 in Stock

LivePerson, Inc. (NASDAQ:LPSN) CAO Jeffrey Ford sold 21,935 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at $431,725.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

LivePerson Stock Up 2.5 %

Shares of LivePerson stock opened at $1.21 on Friday. LivePerson, Inc. has a 52-week low of $0.45 and a 52-week high of $3.98. The firm’s 50 day moving average price is $1.19 and its 200-day moving average price is $0.92. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 7.04. The company has a market cap of $107.22 million, a P/E ratio of -0.84 and a beta of 1.79.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results 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 analysts’ expectations of $77.62 million. On average, sell-side analysts predict that LivePerson, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in LivePerson during the second quarter valued at $32,000. Retirement Planning Co of New England Inc. boosted its position in LivePerson by 45.0% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock worth $66,000 after purchasing an additional 20,627 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LivePerson during the 2nd quarter worth approximately $57,000. Tidal Investments LLC purchased a new position in shares of LivePerson during the 1st quarter valued at approximately $98,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of LivePerson in the 1st quarter valued at $122,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Craig Hallum upped their target price on LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Barclays boosted their price target on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1.32.

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.