LivePerson, Inc. (NASDAQ:LPSN) Given Consensus Recommendation of “Reduce” by Brokerages

LivePerson, Inc. (NASDAQ:LPSN) has been given an average rating of “Reduce” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $1.25.

LPSN has been the subject of several research analyst reports. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research report on Friday, November 8th.

Insider Transactions at LivePerson

In related news, Director Bruce Edward Hansen sold 84,944 shares of LivePerson stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Deneen Collins sold 130,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $0.85, for a total value of $110,500.00. Following the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at $847,963.40. This trade represents a 11.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,848 shares of company stock valued at $203,091 over the last three months. Corporate insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in LivePerson by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company’s stock valued at $1,175,000 after buying an additional 21,992 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after acquiring an additional 15,032 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of LivePerson in the third quarter valued at approximately $513,000. AQR Capital Management LLC purchased a new stake in shares of LivePerson during the second quarter valued at approximately $159,000. Finally, XTX Topco Ltd lifted its holdings in LivePerson by 1,162.0% during the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after acquiring an additional 194,069 shares during the period. 79.83% of the stock is owned by institutional investors.

LivePerson Trading Down 0.8 %

NASDAQ:LPSN opened at $1.28 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson has a twelve month low of $0.45 and a twelve month high of $2.73. The company has a fifty day moving average of $1.20 and a 200-day moving average of $1.16.

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.