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 transaction, the chief accounting officer now directly owns 378,707 shares in the company, valued at approximately $431,725.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

LivePerson Stock Up 7.0 %

Shares of NASDAQ LPSN traded up $0.08 during midday trading on Tuesday, hitting $1.23. 1,685,314 shares of the stock traded hands, compared to its average volume of 2,995,303. The business has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $0.91. LivePerson, Inc. has a one year low of $0.45 and a one year high of $3.98. The company has a market cap of $109.00 million, a PE ratio of -0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.36 and a current ratio of 1.36.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.58). LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. The company had revenue of $79.88 million for the quarter, compared to the consensus estimate of $77.62 million. On average, equities analysts predict that LivePerson, Inc. will post -0.41 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on LPSN. Craig Hallum boosted their price target on LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1.32.

Institutional Investors Weigh In On LivePerson

Institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in LivePerson in the 2nd quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in LivePerson in the 2nd quarter valued at $57,000. Retirement Planning Co of New England Inc. grew its stake 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 valued at $66,000 after purchasing an additional 20,627 shares during the period. Tidal Investments LLC bought a new position in LivePerson in the 1st quarter valued at $98,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in LivePerson in the 1st quarter valued at $122,000. Institutional investors own 79.83% of the company’s stock.

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.