LivePerson's (LPSN) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of LivePerson (NASDAQ:LPSN - Free Report) in a research note released on Thursday morning,Benzinga reports.

A number of other equities analysts also recently commented on LPSN. Craig Hallum downgraded LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price objective on the stock. in a report on Friday, November 8th. StockNews.com cut LivePerson from a "hold" rating to a "sell" rating in a report on Tuesday, March 4th. 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 presently has an average rating of "Hold" and a consensus target price of $0.88.

LivePerson Price Performance

LivePerson stock traded down $0.05 during midday trading on Thursday, reaching $0.88. The company had a trading volume of 1,706,043 shares, compared to its average volume of 3,223,349. 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's fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.14. The company has a market capitalization of $79.62 million, a P/E ratio of -0.58 and a beta of 1.51. LivePerson has a 12-month low of $0.45 and a 12-month high of $2.08.

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

Insider Activity at LivePerson

In other news, Director Bruce Edward Hansen sold 84,944 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $0.85, for a total transaction of $72,202.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson in the 4th quarter valued at approximately $25,000. Avantax Advisory Services Inc. lifted its position in LivePerson by 89.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company's stock worth $29,000 after purchasing an additional 9,000 shares during the period. Wolverine Trading LLC grew its holdings in shares of LivePerson by 104.1% during the third 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. Marshall Wace LLP acquired a new position in LivePerson during the fourth quarter worth $57,000. Finally, Raymond James Financial Inc. bought a new position in LivePerson during the fourth quarter worth $66,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

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.