LivePerson (NASDAQ:LPSN) Lowered to Hold Rating by Craig Hallum

Craig Hallum downgraded shares of LivePerson (NASDAQ:LPSN - Free Report) from a buy rating to a hold rating in a research note released on Friday morning, MarketBeat reports. Craig Hallum currently has $1.00 target price on the technology company's stock.

Other analysts have also recently issued research reports about the company. Barclays raised their price target on LivePerson from $0.75 to $1.00 and gave the company an "underweight" rating in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of LivePerson in a report on Thursday, August 1st. Finally, StockNews.com upgraded LivePerson from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, LivePerson has a consensus rating of "Hold" and a consensus target price of $1.25.

LivePerson Price Performance

Shares of NASDAQ:LPSN traded down $0.34 on Friday, hitting $0.87. The company's stock had a trading volume of 11,379,290 shares, compared to its average volume of 2,948,242. The company has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $0.96. LivePerson has a 1 year low of $0.45 and a 1 year high of $3.98. The company has a market capitalization of $78.53 million, a PE ratio of -0.54 and a beta of 1.78. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.36 and a quick ratio of 1.36.

Insider Buying and Selling at LivePerson

In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares in the company, valued at approximately $431,725.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares in the company, valued at approximately $431,725.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Deneen Collins sold 83,735 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1.12, for a total value of $93,783.20. Following the completion of the sale, the chief financial officer now owns 372,730 shares of the company's stock, valued at $417,457.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 225,237 shares of company stock worth $246,745. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LivePerson

Several hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in LivePerson in the third quarter worth $513,000. Point72 DIFC Ltd bought a new position in LivePerson in the second quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in LivePerson in the second quarter valued at about $57,000. AQR Capital Management LLC purchased a new stake in LivePerson in the second quarter worth about $159,000. Finally, Squarepoint Ops LLC increased its position in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company's stock worth $265,000 after buying an additional 93,693 shares in the last quarter. 79.83% of the stock is 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.