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

LivePerson, Inc. (NASDAQ:LPSN) CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the sale, the chief accounting officer now directly owns 378,707 shares in the company, valued at $431,725.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

LivePerson Stock Up 7.0 %

Shares of LPSN stock opened at $1.23 on Wednesday. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.36 and a current ratio of 1.36. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $3.98. The firm has a market capitalization of $109.00 million, a PE ratio of -0.85 and a beta of 1.79. The stock’s 50-day simple moving average is $1.20 and its 200-day simple moving average is $0.91.

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

Analyst Ratings Changes

Several equities research analysts have commented on LPSN shares. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Craig Hallum raised their price target on LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays increased their price objective on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Finally, StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, LivePerson presently has a consensus rating of “Hold” and an average price target of $1.32.

Institutional Investors Weigh In On LivePerson

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC lifted its stake in LivePerson by 3.0% during the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after purchasing an additional 12,273 shares in the last quarter. Retirement Planning Co of New England Inc. raised its stake in LivePerson by 45.0% in the first quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock valued at $66,000 after buying an additional 20,627 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in LivePerson during the second quarter worth approximately $32,000. Price T Rowe Associates Inc. MD lifted its position in shares of LivePerson by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after buying an additional 60,874 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after acquiring an additional 93,693 shares during the last quarter. 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.