LivePerson (NASDAQ:LPSN) Share Price Passes Above 200 Day Moving Average - Here's Why

Shares of LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.06 and traded as high as $1.66. LivePerson shares last traded at $1.60, with a volume of 9,052,719 shares changing hands.

Wall Street Analysts Forecast Growth

LPSN has been the topic of a number of recent analyst reports. StockNews.com upgraded LivePerson from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Craig Hallum downgraded shares of LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price target for the company. in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, LivePerson has a consensus rating of "Hold" and an average target price of $1.25.

LivePerson Trading Down 1.9 %

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 moving average is $1.00 and its 200-day moving average is $1.06. The firm has a market cap of $141.71 million, a price-to-earnings ratio of -1.03 and a beta of 1.59.

Insider Activity at LivePerson

In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the company's stock in a transaction on 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 in the company, valued at approximately $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Deneen Collins sold 130,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $0.85, for a total transaction of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares in the company, valued at $847,963.40. This represents a 11.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,783 shares of company stock worth $228,097 in the last quarter. Company insiders own 9.00% of the company's stock.

Institutional Trading of LivePerson

Several institutional investors and hedge funds have recently made changes to their positions in LPSN. Los Angeles Capital Management LLC lifted its holdings in LivePerson by 3.0% during the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company's stock worth $243,000 after acquiring an additional 12,273 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of LivePerson by 3.9% in 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 in the last quarter. Wolverine Trading LLC raised its holdings in 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 acquiring an additional 16,385 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of LivePerson during the second quarter worth $32,000. Finally, Squarepoint Ops LLC boosted its stake in LivePerson by 25.8% in the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company's stock worth $265,000 after purchasing an additional 93,693 shares during the period. Hedge funds and other institutional investors own 79.83% of the company's stock.

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.