LivePerson’s (LPSN) “Hold” Rating Reaffirmed at Needham & Company LLC

LivePerson (NASDAQ:LPSN)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports.

LPSN has been the topic of several other reports. Loop Capital cut their target price on LivePerson from $3.00 to $1.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Craig Hallum upped their target price on LivePerson from $1.00 to $1.25 and gave the company a “buy” rating in a research report on Wednesday, May 15th. StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. Finally, Mizuho cut their price target on LivePerson from $2.00 to $0.50 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1.38.

LivePerson Stock Down 6.2 %

LivePerson stock opened at $1.21 on Thursday. The business has a fifty day moving average of $0.78 and a two-hundred day moving average of $1.25. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 26.69. The firm has a market cap of $106.78 million, a P/E ratio of -0.84 and a beta of 1.74. LivePerson has a twelve month low of $0.45 and a twelve month high of $5.98.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02. LivePerson had a negative return on equity of 56.82% and a negative net margin of 31.27%. The firm had revenue of $85.15 million during the quarter, compared to analyst estimates of $80.53 million. On average, analysts forecast that LivePerson will post -0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LivePerson news, insider John Deneen Collins 23,680 shares of LivePerson stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 accessible through this hyperlink. Also, EVP Alex Kroman sold 120,047 shares of LivePerson stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total transaction of $76,830.08. The disclosure for this sale can be found here. Corporate insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in LivePerson in the 1st quarter valued at approximately $143,000. Tidal Investments LLC acquired a new position in shares of LivePerson in the first quarter worth $98,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $126,000 after acquiring an additional 60,874 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of LivePerson by 1,633.2% in the first quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock worth $203,000 after acquiring an additional 193,335 shares in the last quarter. Finally, Archon Capital Management LLC acquired a new position in shares of LivePerson in the first quarter worth $5,313,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

About LivePerson

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.