LivePerson (NASDAQ:LPSN) Downgraded by Craig Hallum to “Hold”

LivePerson (NASDAQ:LPSN) was downgraded by investment analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, MarketBeat reports. They presently have a $1.00 price target on the technology company’s stock. Craig Hallum’s target price indicates a potential downside of 13.79% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. Finally, Barclays boosted their price target on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, LivePerson presently has a consensus rating of “Hold” and a consensus price target of $1.25.

LivePerson Stock Down 4.1 %

Shares of NASDAQ:LPSN opened at $1.16 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 7.04. The company has a market capitalization of $104.70 million, a P/E ratio of -0.64 and a beta of 1.78. LivePerson has a 52-week low of $0.45 and a 52-week high of $3.98. The stock’s fifty day simple moving average is $1.14 and its 200-day simple moving average is $0.96.

Insiders Place Their Bets

In other news, CAO Jeffrey Ford sold 21,935 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the sale, the chief accounting officer now directly owns 378,707 shares of the company’s stock, valued at $431,725.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other LivePerson news, EVP Monica L. Greenberg sold 34,441 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 transaction of $38,573.92. Following the transaction, the executive vice president now directly owns 181,607 shares of the company’s stock, valued at $203,399.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey Ford sold 21,935 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the sale, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at approximately $431,725.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,237 shares of company stock valued at $246,745 over the last quarter. Company insiders own 2.00% of the company’s stock.

Institutional Trading of LivePerson

A number of institutional investors have recently added to or reduced their stakes in LPSN. Point72 DIFC Ltd purchased a new position in LivePerson in the second quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of LivePerson during the 2nd quarter valued at about $57,000. Tidal Investments LLC acquired a new position in LivePerson during the 1st quarter worth approximately $98,000. Susquehanna Fundamental Investments LLC purchased a new position in LivePerson in the 1st quarter worth approximately $122,000. Finally, Price T Rowe Associates Inc. MD grew its position in LivePerson by 94.4% in 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 acquiring an additional 60,874 shares in the last quarter. 79.83% of the stock is owned by hedge funds and other 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.