LivePerson’s (LPSN) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of LivePerson (NASDAQ:LPSN) in a research report sent to investors on Thursday morning, Benzinga reports.

Other equities research analysts have also recently issued research reports about the stock. Craig Hallum increased their price target on shares of LivePerson from $1.00 to $1.25 and gave the company a buy rating in a report on Wednesday, May 15th. Mizuho dropped their target price on shares of LivePerson from $2.00 to $0.50 and set a neutral rating on the stock in a report on Monday, May 13th. Loop Capital dropped their target price on shares of LivePerson from $3.00 to $1.00 and set a hold rating on the stock in a report on Tuesday, April 23rd. Finally, StockNews.com cut shares of LivePerson from a hold rating to a sell rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, LivePerson has a consensus rating of Hold and a consensus target price of $1.32.

LivePerson Stock Down 6.1 %

Shares of NASDAQ LPSN traded down $0.07 on Thursday, reaching $1.07. 3,042,041 shares of the company’s stock traded hands, compared to its average volume of 4,984,253. LivePerson has a 12 month low of $0.45 and a 12 month high of $5.98. The business’s 50 day simple moving average is $0.80 and its two-hundred day simple moving average is $1.22. The company has a market cap of $94.81 million, a price-to-earnings ratio of -0.74 and a beta of 1.73. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 7.04.

LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, May 8th. The technology company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. The business had revenue of $85.15 million during the quarter, compared to the consensus estimate of $80.53 million. As a group, equities research analysts forecast that LivePerson will post -0.54 EPS for the current fiscal year.

Insider Activity

In related news, insider John Deneen Collins 23,680 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other LivePerson news, EVP Alex Kroman sold 120,047 shares of LivePerson stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total value of $76,830.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Deneen Collins 23,680 shares of the company’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in LivePerson by 54.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after acquiring an additional 5,342 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of LivePerson by 2.6% in the 4th quarter. Advisory Services Network LLC now owns 215,540 shares of the technology company’s stock worth $817,000 after buying an additional 5,455 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of LivePerson by 497.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock worth $40,000 after buying an additional 8,809 shares during the last quarter. Options Solutions LLC bought a new stake in shares of LivePerson in the 4th quarter worth about $38,000. Finally, Victory Capital Management Inc. bought a new stake in shares of LivePerson in the 4th quarter worth about $39,000. 79.83% of the stock is currently owned by 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.