Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) CAO Sells 21,935 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CAO Jeffrey Ford sold 21,935 shares of the company’s stock in a transaction on 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 $431,725.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LivePerson Price Performance

LPSN traded up $0.08 during trading on Tuesday, reaching $1.23. 1,685,314 shares of the company were exchanged, compared to its average volume of 2,995,303. The company’s 50-day moving average is $1.20 and its two-hundred day moving average is $0.91. The company has a market cap of $109.00 million, a price-to-earnings ratio of -0.80 and a beta of 1.79. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 7.04. LivePerson, Inc. has a 12-month low of $0.45 and a 12-month high of $3.98.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Craig Hallum upped their price target on LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays upped their price target on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. Finally, StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. One research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1.32.

Institutional Trading of LivePerson

A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new position in LivePerson in the 2nd quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in LivePerson in the 2nd quarter worth about $57,000. Retirement Planning Co of New England Inc. increased its stake in LivePerson by 45.0% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock worth $66,000 after acquiring an additional 20,627 shares during the last quarter. Tidal Investments LLC bought a new position in LivePerson in the 1st quarter worth about $98,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in LivePerson in the 1st quarter worth about $122,000. 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.