LivePerson Sees Unusually High Options Volume (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN) saw some unusual options trading activity on Monday. Investors purchased 5,616 call options on the stock. This represents an increase of approximately 210% compared to the typical daily volume of 1,813 call options.

Wall Street Analysts Forecast Growth

LPSN has been the subject of several recent research reports. Loop Capital cut their target price on shares of LivePerson from $3.00 to $1.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. Barclays raised their target price on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, Craig Hallum raised their price objective on LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1.32.

Insider Activity at LivePerson

In other news, EVP Alex Kroman sold 120,047 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $0.64, for a total value of $76,830.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other LivePerson news, EVP Alex Kroman sold 120,047 shares of LivePerson stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total value of $76,830.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Deneen Collins sold 83,735 shares of LivePerson stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $93,783.20. Following the completion of the sale, the chief financial officer now directly owns 372,730 shares of the company’s stock, valued at approximately $417,457.60. The disclosure for this sale can be found here. Insiders have sold 246,696 shares of company stock worth $220,795 over the last 90 days. 9.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On LivePerson

Several institutional investors have recently bought and sold shares of the stock. Archon Capital Management LLC purchased a new stake in LivePerson in the 1st quarter worth $5,313,000. AIGH Capital Management LLC bought a new stake in LivePerson in the 4th quarter worth approximately $6,102,000. Vanguard Group Inc. raised its holdings in shares of LivePerson by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after acquiring an additional 523,694 shares in the last quarter. Palogic Value Management L.P. grew its holdings in shares of LivePerson by 119.5% in the fourth quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock valued at $3,246,000 after purchasing an additional 466,320 shares in the last quarter. Finally, Worth Venture Partners LLC bought a new stake in LivePerson in the fourth quarter worth $1,519,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

LivePerson Stock Down 11.4 %

Shares of LPSN opened at $1.56 on Wednesday. The business’s 50 day moving average is $0.96 and its 200 day moving average is $1.07. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 7.04. LivePerson has a 12-month low of $0.45 and a 12-month high of $4.74. The company has a market capitalization of $138.24 million, a PE ratio of -1.08 and a beta of 1.73.

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.