LivePerson, Inc. (NASDAQ:LPSN) Receives $1.25 Average Price Target from Brokerages

Shares of LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) have received a consensus rating of "Reduce" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $1.25.

Several analysts have weighed in on the company. StockNews.com upgraded LivePerson from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Craig Hallum lowered shares of LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price target for the company. in a report on Friday, November 8th.

Insider Buying and Selling

In related news, CFO John Deneen Collins sold 130,000 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total transaction of $110,500.00. Following the transaction, the chief financial officer now owns 997,604 shares in the company, valued at $847,963.40. The trade was 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 through this hyperlink. Also, Director Bruce Edward Hansen sold 84,944 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The disclosure for this sale can be found here. Insiders sold 227,848 shares of company stock valued at $203,091 over the last quarter. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in LivePerson in the second quarter worth $159,000. GSA Capital Partners LLP bought a new stake in shares of LivePerson during the 3rd quarter valued at $513,000. Charles Schwab Investment Management Inc. grew its position in shares of LivePerson by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company's stock worth $515,000 after buying an additional 15,032 shares during the period. Wolverine Trading LLC increased its stake in shares of LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company's stock worth $40,000 after acquiring an additional 16,385 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in shares of LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company's stock worth $270,000 after acquiring an additional 194,069 shares in the last quarter. Institutional investors own 79.83% of the company's stock.

LivePerson Trading Down 1.2 %

Shares of NASDAQ LPSN traded down $0.02 during midday trading on Thursday, reaching $1.25. The company had a trading volume of 1,018,656 shares, compared to its average volume of 3,781,364. The stock has a market cap of $112.37 million, a PE ratio of -0.81 and a beta of 1.59. LivePerson has a one year low of $0.45 and a one year high of $2.73. The firm's fifty day moving average price is $1.23 and its 200-day moving average price is $1.16. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24.

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.