Monica L. Greenberg Sells 34,441 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 34,441 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the completion of the transaction, the executive vice president now owns 181,607 shares in the company, valued at $203,399.84. The transaction was disclosed in a filing with the SEC, which is available at this link.

LivePerson Trading Up 5.4 %

LPSN traded up $0.07 on Wednesday, reaching $1.36. 4,977,873 shares of the company’s stock were exchanged, compared to its average volume of 3,204,624. The company has a market cap of $120.52 million, a price-to-earnings ratio of -0.94 and a beta of 1.73. LivePerson, Inc. has a twelve month low of $0.45 and a twelve month high of $4.75. The company’s 50 day moving average is $0.87 and its 200-day moving average is $1.11. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.20 and a current ratio of 1.36.

Analysts Set New Price Targets

LPSN has been the subject of a number of research analyst reports. Loop Capital dropped their price objective on shares of LivePerson from $3.00 to $1.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Mizuho dropped their price objective on shares of LivePerson from $2.00 to $0.50 and set a “neutral” rating for the company in a research note on Monday, May 13th. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Craig Hallum increased their target price on shares of LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays increased their target price on shares of LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1.32.

Hedge Funds Weigh In On LivePerson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in LivePerson in the 2nd quarter worth approximately $32,000. Los Angeles Capital Management LLC boosted its holdings in LivePerson by 3.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after acquiring an additional 12,273 shares during the period. Virtu Financial LLC purchased a new position in LivePerson in the 1st quarter worth approximately $143,000. Tidal Investments LLC purchased a new position in LivePerson in the 1st quarter worth approximately $98,000. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 valued at $126,000 after buying an additional 60,874 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.