LivePerson, Inc. (NASDAQ:LPSN) Receives Consensus Recommendation of “Reduce” from Analysts

LivePerson, Inc. (NASDAQ:LPSN) has been assigned an average recommendation of “Reduce” from the eight research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $1.25.

A number of equities analysts recently weighed in on the company. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research report on Friday, November 8th. StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th.

LivePerson Trading Up 2.4 %

Shares of LivePerson stock opened at $0.97 on Friday. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $3.98. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $87.60 million, a P/E ratio of -0.63 and a beta of 1.78. The firm has a 50-day simple moving average of $1.08 and a two-hundred day simple moving average of $0.99.

Insiders Place Their Bets

In other news, CFO John Deneen Collins sold 130,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the sale, the chief financial officer now directly owns 997,604 shares in the company, valued at $847,963.40. This represents a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey Ford sold 21,935 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the transaction, the chief accounting officer now directly owns 378,707 shares in the company, valued at approximately $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 237,061 shares of company stock worth $224,888. Corporate insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LPSN. Point72 DIFC Ltd acquired a new position in LivePerson in the second quarter valued at approximately $32,000. Wolverine Trading LLC increased its position in shares of LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after acquiring an additional 16,385 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LivePerson during the second quarter valued at about $57,000. Tidal Investments LLC purchased a new stake in shares of LivePerson in the 1st quarter valued at approximately $98,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of LivePerson by 94.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after acquiring an additional 60,874 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

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.