LivePerson, Inc. (NASDAQ:LPSN) Receives $1.25 Average PT from Brokerages

LivePerson, Inc. (NASDAQ:LPSN) has earned an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $1.25.

A number of equities analysts have commented on LPSN shares. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Craig Hallum downgraded shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a report on Friday, November 8th.

Insider Activity

In related news, CFO John Deneen Collins sold 130,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at $847,963.40. This represents a 11.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruce Edward Hansen sold 84,944 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,848 shares of company stock valued at $203,091. 9.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LivePerson

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in LivePerson in the fourth quarter worth about $25,000. Avantax Advisory Services Inc. raised its position in LivePerson by 89.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after acquiring an additional 9,000 shares in the last quarter. Wolverine Trading LLC raised its position in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after acquiring an additional 16,385 shares in the last quarter. Marshall Wace LLP bought a new stake in LivePerson in the fourth quarter worth about $57,000. Finally, Raymond James Financial Inc. bought a new stake in LivePerson in the fourth quarter worth about $66,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

LivePerson Stock Performance

LivePerson stock opened at $1.24 on Thursday. The company has a market cap of $111.92 million, a PE ratio of -0.81 and a beta of 1.59. The company has a fifty day moving average price of $1.25 and a two-hundred day moving average price of $1.16. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. LivePerson has a 12 month low of $0.45 and a 12 month high of $2.73.

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.