LivePerson, Inc. (NASDAQ:LPSN) Given Average Rating of "Reduce" by Brokerages

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) has been given an average rating of "Reduce" by the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $1.25.

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

Insider Transactions at LivePerson

In other news, Director Bruce Edward Hansen sold 84,944 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $0.85, for a total transaction of $72,202.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Deneen Collins sold 130,000 shares of LivePerson stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $0.85, for a total transaction of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares of the company's stock, valued at approximately $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,879 shares of company stock worth $207,708. Company insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On LivePerson

A number of hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC increased its holdings in LivePerson by 3.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company's stock valued at $243,000 after buying an additional 12,273 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of LivePerson by 3.9% during the 3rd 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 in the last quarter. Wolverine Trading LLC increased its stake in LivePerson by 104.1% in 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 last quarter. Point72 DIFC Ltd acquired a new position in LivePerson during the second quarter valued at approximately $32,000. Finally, Squarepoint Ops LLC lifted its stake in LivePerson by 25.8% during the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company's stock worth $265,000 after purchasing an additional 93,693 shares during the last quarter. Institutional investors own 79.83% of the company's stock.

LivePerson Stock Up 0.2 %

Shares of NASDAQ:LPSN traded up $0.00 during trading on Wednesday, hitting $0.85. 299,823 shares of the company were exchanged, compared to its average volume of 2,781,883. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $3.98. The stock has a market cap of $76.87 million, a price-to-earnings ratio of -0.56 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a fifty day moving average price of $0.98 and a two-hundred day moving average price of $1.02.

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.