Analysts Set LivePerson, Inc. (NASDAQ:LPSN) Price Target at $1.25

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) has been given a consensus recommendation of "Reduce" by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $1.25.

A number of research analysts have recently issued reports on the company. Craig Hallum lowered LivePerson from a "buy" rating to a "hold" rating and set a $1.00 target price on the stock. in a research report on Friday, November 8th. StockNews.com raised shares of LivePerson from a "sell" rating to a "hold" rating in a report on Saturday, November 16th.

Insider Transactions at LivePerson

In other news, CFO John Deneen Collins sold 130,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey Ford sold 21,935 shares of the 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 sale, the chief accounting officer now directly owns 378,707 shares of the company's stock, valued at approximately $431,725.98. This represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 237,061 shares of company stock valued at $224,888 over the last 90 days. 9.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LPSN. Vanguard Group Inc. raised its stake in LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company's stock worth $8,634,000 after purchasing an additional 523,694 shares during the period. Squarepoint Ops LLC lifted its holdings in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company's stock valued at $265,000 after acquiring an additional 93,693 shares during the last quarter. Los Angeles Capital Management LLC grew its position in LivePerson by 3.0% in the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company's stock worth $243,000 after acquiring an additional 12,273 shares during the period. Charles Schwab Investment Management Inc. increased its stake in LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company's stock worth $515,000 after acquiring an additional 15,032 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in LivePerson in the third quarter valued at $513,000. Institutional investors and hedge funds own 79.83% of the company's stock.

LivePerson Trading Up 2.4 %

Shares of LivePerson stock traded up $0.02 on Friday, hitting $0.97. 1,064,562 shares of the company traded hands, compared to its average volume of 2,886,099. 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 has a 52 week low of $0.45 and a 52 week high of $3.98. The stock's 50 day moving average price is $1.08 and its 200-day moving average price is $0.99. The company has a market cap of $87.60 million, a PE ratio of -0.63 and a beta of 1.78.

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.