LivePerson (NASDAQ:LPSN) Upgraded by StockNews.com to Hold Rating

LivePerson (NASDAQ:LPSN - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Saturday.

LPSN has been the topic of a number of other reports. Craig Hallum lowered shares of LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price objective on the stock. in a research report on Friday, November 8th. Barclays increased their price objective on shares of LivePerson from $0.75 to $1.00 and gave the stock an "underweight" rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1.25.

LivePerson Trading Down 4.5 %

Shares of NASDAQ:LPSN traded down $0.04 during trading on Friday, reaching $0.78. The company's stock had a trading volume of 1,758,265 shares, compared to its average volume of 2,935,069. The company has a current ratio of 1.27, a quick ratio of 1.36 and a debt-to-equity ratio of 10.24. LivePerson has a 12 month low of $0.45 and a 12 month high of $3.98. The firm's 50 day simple moving average is $1.11 and its two-hundred day simple moving average is $0.97. The stock has a market capitalization of $70.10 million, a PE ratio of -0.51 and a beta of 1.78.

Insider Transactions at LivePerson

In other news, CFO John Deneen Collins sold 85,126 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1.05, for a total transaction of $89,382.30. Following the transaction, the chief financial officer now directly owns 287,604 shares of the company's stock, valued at approximately $301,984.20. This trade represents a 22.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction that occurred 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 directly owns 378,707 shares in the company, valued at approximately $431,725.98. The trade was a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On LivePerson

Several institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC increased 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 valued at $243,000 after buying an additional 12,273 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in LivePerson by 3.9% in 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 in the last quarter. Wolverine Trading LLC boosted its stake in LivePerson by 104.1% in the third 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 in the last quarter. Point72 DIFC Ltd acquired a new stake in LivePerson in the second quarter valued at approximately $32,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in LivePerson by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company's stock valued at $126,000 after acquiring an additional 60,874 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.