LivePerson (NASDAQ:LPSN) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of LivePerson (NASDAQ:LPSN - Free Report) from a hold rating to a sell rating in a report issued on Thursday morning.

Separately, Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $0.88.

LivePerson Trading Down 1.8 %

NASDAQ LPSN traded down $0.02 on Thursday, hitting $0.92. The company's stock had a trading volume of 983,657 shares, compared to its average volume of 3,083,999. LivePerson has a 52-week low of $0.45 and a 52-week high of $2.08. 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's 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.13. The firm has a market cap of $82.72 million, a P/E ratio of -0.60 and a beta of 1.51.

LivePerson (NASDAQ:LPSN - Get Free Report) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The business had revenue of $73.21 million for the quarter, compared to analysts' expectations of $68.12 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter in the previous year, the business posted ($0.06) earnings per share. Research analysts predict that LivePerson will post -0.41 EPS for the current fiscal year.

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Institutional Investors Weigh In On LivePerson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its position in LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock valued at $1,377,000 after buying an additional 267,827 shares during the last quarter. Geode Capital Management LLC lifted its stake in LivePerson by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company's stock worth $1,175,000 after purchasing an additional 21,992 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 15,032 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of LivePerson during the 3rd quarter worth $513,000. Finally, XTX Topco Ltd increased its holdings in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company's stock valued at $270,000 after purchasing an additional 194,069 shares during the last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

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.