LivePerson, Inc. (NASDAQ:LPSN) Short Interest Up 35.9% in December

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 9,810,000 shares, a growth of 35.9% from the December 15th total of 7,220,000 shares. Based on an average daily trading volume, of 3,510,000 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPSN. StockNews.com raised LivePerson from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Craig Hallum cut 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. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1.25.

Insider Activity at LivePerson

In other LivePerson news, Director Bruce Edward Hansen sold 84,944 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were 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 available through the SEC website. Also, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the transaction, the chief accounting officer now owns 378,707 shares of the company's stock, valued at $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,783 shares of company stock valued at $228,097 in the last three months. Corporate insiders own 9.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in shares of LivePerson in the 3rd quarter worth approximately $513,000. AQR Capital Management LLC bought a new stake in shares of LivePerson in the second quarter valued at $159,000. XTX Topco Ltd raised its stake in shares of LivePerson by 1,162.0% in the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company's stock valued at $270,000 after buying an additional 194,069 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of LivePerson during the 2nd quarter valued at $57,000. Finally, Squarepoint Ops LLC grew its stake in shares of LivePerson by 25.8% during the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company's stock worth $265,000 after acquiring an additional 93,693 shares during the period. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

LivePerson Stock Performance

Shares of LPSN stock traded up $0.03 during trading on Thursday, hitting $1.38. The company's stock had a trading volume of 2,449,496 shares, compared to its average volume of 7,044,847. 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 company has a market cap of $124.56 million, a PE ratio of -0.90 and a beta of 1.59. The business has a fifty day moving average of $1.02 and a 200-day moving average of $1.10. LivePerson has a 52 week low of $0.45 and a 52 week high of $3.29.

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.

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