Palogic Value Management L.P. decreased its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,500 shares of the technology company's stock after selling 7,620,500 shares during the period. Palogic Value Management L.P. owned about 0.08% of LivePerson worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of LPSN. Avantax Advisory Services Inc. lifted its holdings in LivePerson by 89.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company's stock valued at $29,000 after purchasing an additional 9,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LivePerson by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company's stock valued at $515,000 after buying an additional 15,032 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson during the 4th quarter valued at $25,000. Wolverine Trading LLC boosted its holdings in LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company's stock worth $40,000 after buying an additional 16,385 shares during the period. Finally, Mystic Asset Management Inc. increased its stake in LivePerson by 57.5% in the 4th quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company's stock worth $77,000 after buying an additional 18,600 shares in the last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the stock. StockNews.com downgraded shares of LivePerson from a "hold" rating to a "sell" rating in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of LivePerson in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $0.88.
Read Our Latest Research Report on LivePerson
LivePerson Trading Down 0.8 %
LPSN stock traded down $0.01 during midday trading on Tuesday, reaching $0.92. The company's stock had a trading volume of 554,816 shares, compared to its average volume of 3,133,862. The stock has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.11. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $84.28 million, a price-to-earnings ratio of -0.60 and a beta of 1.51. LivePerson, Inc. has a 1 year low of $0.45 and a 1 year high of $2.08.
LivePerson (NASDAQ:LPSN - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The company had revenue of $73.21 million during the quarter, compared to analysts' expectations 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 firm earned ($0.06) earnings per share. On average, equities research analysts predict that LivePerson, Inc. will post -0.41 EPS for the current year.
Insider Buying and Selling at LivePerson
In other LivePerson news, CEO Anthony John Sabino sold 111,020 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $0.98, for a total transaction of $108,799.60. Following the transaction, the chief executive officer now owns 3,243,819 shares of the company's stock, valued at approximately $3,178,942.62. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 290,137 shares of company stock valued at $278,780 in the last ninety days. Corporate insiders own 9.00% of the company's stock.
About LivePerson
(
Free Report)
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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