LivePerson (NASDAQ:LPSN) Stock Passes Above 200 Day Moving Average - What's Next?

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.93 and traded as high as $1.29. LivePerson shares last traded at $1.21, with a volume of 2,026,901 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of LivePerson from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. Craig Hallum lifted their price objective on LivePerson from $1.25 to $1.40 and gave the company a "buy" rating in a research report on Thursday, August 1st. Needham & Company LLC reiterated a "hold" rating on shares of LivePerson in a report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of LivePerson from $0.75 to $1.00 and gave the stock an "underweight" rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, LivePerson has a consensus rating of "Hold" and a consensus price target of $1.32.

LivePerson Trading Down 3.3 %

The company has a market cap of $103.68 million, a P/E ratio of -0.84 and a beta of 1.79. The business has a fifty day simple moving average of $1.16 and a 200 day simple moving average of $0.93. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.36 and a current ratio of 1.36.

LivePerson (NASDAQ:LPSN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.58). LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. The firm had revenue of $79.88 million for the quarter, compared to the consensus estimate of $77.62 million. Analysts anticipate that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 378,707 shares of the company's stock, valued at $431,725.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the transaction, the chief accounting officer now owns 378,707 shares in the company, valued at approximately $431,725.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Deneen Collins sold 83,735 shares of LivePerson 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 sale, the chief financial officer now directly owns 372,730 shares in the company, valued at approximately $417,457.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 225,237 shares of company stock valued at $246,745. Insiders own 9.00% of the company's stock.

Institutional Investors Weigh In On LivePerson

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in LivePerson during the 2nd quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LivePerson during the second quarter valued at approximately $57,000. AQR Capital Management LLC acquired a new position in shares of LivePerson during the second quarter valued at approximately $159,000. Squarepoint Ops LLC raised its holdings in LivePerson by 25.8% during the second 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 in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in LivePerson by 3.0% in the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company's stock worth $243,000 after purchasing an additional 12,273 shares during the period. 79.83% of the stock is currently owned by 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.