LivePerson, Inc. (NASDAQ:LPSN) Short Interest Update

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 7,210,000 shares, a decrease of 25.1% from the October 31st total of 9,630,000 shares. Based on an average trading volume of 1,950,000 shares, the short-interest ratio is currently 3.7 days.

LivePerson Trading Up 2.4 %

LPSN stock traded up $0.02 during midday trading on Friday, reaching $0.97. The company's stock had a trading volume of 1,064,562 shares, compared to its average volume of 2,886,099. LivePerson has a 1 year low of $0.45 and a 1 year high of $3.98. The firm has a market capitalization of $87.60 million, a price-to-earnings ratio of -0.63 and a beta of 1.78. The stock has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $0.99. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27.

Analyst Ratings Changes

LPSN has been the topic of several recent research reports. Craig Hallum lowered LivePerson from a "buy" rating to a "hold" rating and set a $1.00 price target on the stock. in a report on Friday, November 8th. StockNews.com raised shares of LivePerson from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1.25.

Insider Transactions at LivePerson

In related news, CAO Jeffrey Ford sold 21,935 shares of the 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 of the company's stock, valued at approximately $431,725.98. This trade represents a 5.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Deneen Collins sold 130,000 shares of LivePerson stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the transaction, the chief financial officer now owns 997,604 shares of the company's stock, valued at approximately $847,963.40. This represents a 11.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 237,061 shares of company stock valued at $224,888 in the last ninety days. Corporate insiders own 9.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LPSN. Vanguard Group Inc. grew its stake in LivePerson by 6.4% in the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company's stock worth $8,634,000 after purchasing an additional 523,694 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of LivePerson by 1,633.2% during the 1st quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company's stock worth $203,000 after buying an additional 193,335 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of LivePerson by 94.4% during 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 buying an additional 60,874 shares during the period. Tidal Investments LLC bought a new stake in shares of LivePerson in the first quarter valued at about $98,000. Finally, Virtu Financial LLC purchased a new stake in LivePerson in the first quarter worth about $143,000. 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.