LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders bought 5,616 call options on the stock. This represents an increase of approximately 210% compared to the typical volume of 1,813 call options.
Wall Street Analyst Weigh In
LPSN has been the subject of several analyst reports. Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the stock an "underweight" rating in a report on Thursday, August 1st. Needham & Company LLC restated a "hold" rating on shares of LivePerson in a report on Thursday, August 1st. Loop Capital lowered their target price on shares of LivePerson from $3.00 to $1.00 and set a "hold" rating for the company in a report on Tuesday, April 23rd. Mizuho reduced their price target on shares of LivePerson from $2.00 to $0.50 and set a "neutral" rating on the stock in a research note on Monday, May 13th. Finally, StockNews.com raised shares of LivePerson from a "sell" rating to a "hold" rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, LivePerson presently has an average rating of "Hold" and an average target price of $1.32.
Get Our Latest Stock Report on LivePerson
Insider Buying and Selling at LivePerson
In other LivePerson news, EVP Alex Kroman sold 120,047 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total transaction of $76,830.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other LivePerson news, EVP Alex Kroman sold 120,047 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total transaction of $76,830.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 34,441 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the transaction, the executive vice president now owns 181,607 shares of the company's stock, valued at approximately $203,399.84. The disclosure for this sale can be found here. Insiders sold 246,696 shares of company stock worth $220,795 over the last 90 days. 9.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in LPSN. Point72 DIFC Ltd purchased a new position in LivePerson during the 2nd quarter valued at about $32,000. Options Solutions LLC bought a new stake in shares of LivePerson in the 4th quarter valued at about $38,000. Victory Capital Management Inc. bought a new stake in shares of LivePerson in the 4th quarter valued at about $39,000. Nisa Investment Advisors LLC boosted its holdings in shares of LivePerson by 497.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company's stock valued at $40,000 after buying an additional 8,809 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of LivePerson by 54.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company's stock valued at $57,000 after buying an additional 5,342 shares in the last quarter. Hedge funds and other institutional investors own 79.83% of the company's stock.
LivePerson Stock Up 27.5 %
NASDAQ LPSN traded up $0.38 during trading on Monday, reaching $1.76. 11,219,614 shares of the company's stock traded hands, compared to its average volume of 3,245,231. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.36 and a quick ratio of 1.20. The firm has a market cap of $155.96 million, a price-to-earnings ratio of -1.07 and a beta of 1.73. The company's 50 day simple moving average is $0.92 and its two-hundred day simple moving average is $1.08. LivePerson has a 12-month low of $0.45 and a 12-month high of $4.74.
About LivePerson
(
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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.
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