LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros Sells 30,000 Shares

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) Director Vanessa Pegueros sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $0.90, for a total transaction of $27,000.00. Following the transaction, the director now directly owns 139,993 shares of the company's stock, valued at $125,993.70. This represents a 17.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

LivePerson Stock Performance

NASDAQ LPSN traded down $0.02 during trading hours on Friday, hitting $0.80. 1,818,173 shares of the company's stock traded hands, compared to its average volume of 3,132,327. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson, Inc. has a 52 week low of $0.45 and a 52 week high of $2.08. The firm has a market capitalization of $73.50 million, a P/E ratio of -0.53 and a beta of 1.51. The business's fifty day moving average price is $1.15 and its two-hundred day moving average price is $1.11.

LivePerson (NASDAQ:LPSN - Get Free Report) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The company had revenue of $73.21 million for the quarter, compared to analysts' expectations of $68.12 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter last year, the firm posted ($0.06) earnings per share. Equities research analysts predict that LivePerson, Inc. will post -0.41 EPS for the current year.

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Analyst Ratings Changes

Several equities analysts recently issued reports on LPSN shares. StockNews.com cut LivePerson from a "hold" rating to a "sell" rating in a research report on Thursday, March 13th. Needham & Company LLC reiterated a "hold" rating on shares of LivePerson in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $0.88.

Institutional Investors Weigh In On LivePerson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in LivePerson during the 4th quarter worth approximately $25,000. Avantax Advisory Services Inc. raised its position in shares of LivePerson by 89.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company's stock valued at $29,000 after purchasing an additional 9,000 shares during the period. Wolverine Trading LLC raised its holdings in 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 period. Marshall Wace LLP bought a new stake in LivePerson during the fourth quarter valued at about $57,000. Finally, Raymond James Financial Inc. purchased a new position in shares of LivePerson in the fourth quarter valued at about $66,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

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.