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

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) has earned an average rating of "Reduce" from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $1.25.

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

Insider Buying and Selling

In other news, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction on Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the sale, the chief accounting officer now directly owns 378,707 shares in the company, valued at $431,725.98. The trade was a 5.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce Edward Hansen sold 84,944 shares of the business's 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. Over the last ninety days, insiders have sold 249,783 shares of company stock worth $228,097. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On LivePerson

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in LivePerson during the second quarter valued at about $32,000. Wolverine Trading LLC lifted its stake in shares of LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company's stock valued at $40,000 after buying an additional 16,385 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of LivePerson during the 2nd quarter valued at approximately $57,000. Assenagon Asset Management S.A. bought a new position in LivePerson in the 4th quarter worth approximately $68,000. Finally, AQR Capital Management LLC purchased a new position in LivePerson in the 2nd quarter valued at approximately $159,000. 79.83% of the stock is owned by institutional investors.

LivePerson Stock Down 3.6 %

Shares of NASDAQ:LPSN traded down $0.05 during trading on Friday, reaching $1.33. 1,945,580 shares of the stock were exchanged, compared to its average volume of 7,209,055. LivePerson has a 1-year low of $0.45 and a 1-year high of $3.29. The stock has a fifty day moving average of $1.04 and a two-hundred day moving average of $1.11. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $120.05 million, a price-to-earnings ratio of -0.87 and a beta of 1.59.

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.