LivePerson, Inc. (NASDAQ:LPSN) Given Average Recommendation 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 company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $1.25.

LPSN has been the subject of a number of recent research reports. StockNews.com upgraded shares of LivePerson from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Craig Hallum downgraded LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price target for the company. in a research note on Friday, November 8th.

Insider Activity

In other LivePerson news, Director Bruce Edward Hansen sold 84,944 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Deneen Collins sold 130,000 shares of LivePerson 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 transaction, the chief financial officer now directly owns 997,604 shares in the company, valued at approximately $847,963.40. This represents a 11.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,848 shares of company stock valued at $203,091. 9.00% of the stock is owned by insiders.

Institutional Trading of LivePerson

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of LivePerson during the fourth quarter valued at about $25,000. Avantax Advisory Services Inc. raised its stake in shares of LivePerson by 89.9% in the fourth 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 in the last quarter. Wolverine Trading LLC lifted its position in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company's stock worth $40,000 after purchasing an additional 16,385 shares during the period. Marshall Wace LLP acquired a new stake in LivePerson during the fourth quarter worth $57,000. Finally, Raymond James Financial Inc. bought a new stake in LivePerson in the 4th quarter valued at $66,000. 79.83% of the stock is owned by institutional investors.

LivePerson Stock Down 6.8 %

LPSN stock traded down $0.09 during trading hours on Thursday, hitting $1.24. The company's stock had a trading volume of 2,811,474 shares, compared to its average volume of 2,721,645. The stock has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.16. LivePerson has a 12 month low of $0.45 and a 12 month high of $2.73. The company has a market capitalization of $111.92 million, a PE ratio of -0.81 and a beta of 1.59. 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.