LivePerson (NASDAQ:LPSN) PT Raised to $1.00

LivePerson (NASDAQ:LPSN) had its price objective hoisted by Barclays from $0.75 to $1.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an underweight rating on the technology company’s stock.

Several other brokerages also recently issued reports on LPSN. StockNews.com downgraded shares of LivePerson from a hold rating to a sell rating in a research report on Friday, May 17th. 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. Mizuho decreased their target price on shares of LivePerson from $2.00 to $0.50 and set a neutral rating for the company in a research report on Monday, May 13th. Craig Hallum increased their target price on shares of LivePerson from $1.00 to $1.25 and gave the company a buy rating in a research report on Wednesday, May 15th. Finally, Needham & Company LLC reissued a hold rating on shares of LivePerson in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, LivePerson has an average rating of Hold and an average price target of $1.32.

LivePerson Stock Up 7.5 %

Shares of LivePerson stock traded up $0.08 during trading on Thursday, reaching $1.15. The company had a trading volume of 3,993,189 shares, compared to its average volume of 3,205,275. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $5.98. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.20 and a current ratio of 1.36. The company has a market cap of $101.90 million, a price-to-earnings ratio of -0.84 and a beta of 1.73. The firm’s fifty day moving average is $0.80 and its 200-day moving average is $1.20.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.02. The company had revenue of $85.15 million for the quarter, compared to analyst estimates of $80.53 million. LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. On average, analysts anticipate that LivePerson will post -0.54 EPS for the current year.

Insiders Place Their Bets

In other LivePerson news, EVP Alex Kroman sold 120,047 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is available through this link. In related news, EVP Alex Kroman sold 120,047 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $0.64, for a total transaction of $76,830.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 hedge funds have recently added to or reduced their stakes in LPSN. Options Solutions LLC purchased a new position in LivePerson in the 4th quarter worth approximately $38,000. Victory Capital Management Inc. acquired a new position in shares of LivePerson in the 4th quarter valued at approximately $39,000. Nisa Investment Advisors LLC raised its position 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 valued at $40,000 after purchasing an additional 8,809 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of LivePerson in the 4th quarter valued at approximately $43,000. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 5,342 shares in the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.

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.