LivePerson (NASDAQ:LPSN) Cut to Sell at StockNews.com

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

Separately, Craig Hallum cut LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price objective on the stock. in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, LivePerson currently has a consensus rating of "Hold" and a consensus price target of $0.88.

LivePerson Stock Performance

Shares of LivePerson stock traded up $0.01 on Tuesday, reaching $0.93. 1,547,147 shares of the company traded hands, compared to its average volume of 3,257,776. The company has a 50 day moving average of $1.30 and a 200 day moving average of $1.14. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. LivePerson has a 52 week low of $0.45 and a 52 week high of $2.08. The firm has a market capitalization of $84.38 million, a PE ratio of -0.61 and a beta of 1.59.

LivePerson (NASDAQ:LPSN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The firm had revenue of $73.21 million for the quarter, compared to the consensus estimate 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 period last year, the company posted ($0.06) earnings per share. Equities analysts forecast that LivePerson will post -0.41 earnings per share for the current year.

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Insider Transactions at LivePerson

In related news, Director Bruce Edward Hansen sold 84,944 shares of LivePerson stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On LivePerson

Several institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew 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 valued at $515,000 after acquiring an additional 15,032 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of LivePerson in the 4th quarter valued at $68,000. Wolverine Trading LLC grew its holdings in shares of LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company's stock valued at $40,000 after purchasing an additional 16,385 shares during the last quarter. GSA Capital Partners LLP purchased a new position in LivePerson in the 3rd quarter worth $513,000. Finally, XTX Topco Ltd lifted its stake in LivePerson by 1,162.0% in the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company's stock worth $270,000 after purchasing an additional 194,069 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

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.