LivePerson (NASDAQ:LPSN) Stock Price Crosses Above 200-Day Moving Average of $0.92

LivePerson, Inc. (NASDAQ:LPSN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.92 and traded as high as $1.12. LivePerson shares last traded at $1.08, with a volume of 1,367,860 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LPSN shares. Barclays raised their target price on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, Craig Hallum boosted their price target on shares of LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research 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. Based on data from MarketBeat, LivePerson has a consensus rating of “Hold” and a consensus price target of $1.32.

LivePerson Stock Performance

The stock’s 50-day simple moving average is $1.18 and its 200 day simple moving average is $0.91. The company has a market capitalization of $96.14 million, a PE ratio of -0.75 and a beta of 1.78. 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 (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 31st. The technology company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.58). The business had revenue of $79.88 million during the quarter, compared to analysts’ expectations of $77.62 million. LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. As a group, research analysts expect that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LivePerson news, EVP Monica L. Greenberg sold 34,441 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1.12, for a total value of $38,573.92. Following the transaction, the executive vice president now directly owns 181,607 shares in the company, valued at $203,399.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO John Deneen Collins sold 83,735 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $93,783.20. Following the completion of the sale, the chief financial officer now directly owns 372,730 shares of the company’s stock, valued at approximately $417,457.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Monica L. Greenberg sold 34,441 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $38,573.92. Following the transaction, the executive vice president now owns 181,607 shares in the company, valued at approximately $203,399.84. The disclosure for this sale can be found here. Insiders sold a total of 126,649 shares of company stock worth $143,965 over the last 90 days. 9.00% of the stock is owned by insiders.

Hedge Funds Weigh In On LivePerson

A number of hedge funds have recently modified their holdings of the business. Options Solutions LLC purchased a new stake in LivePerson in the 4th quarter valued at $38,000. Victory Capital Management Inc. purchased a new stake in shares of LivePerson in the fourth quarter valued at about $39,000. RPO LLC acquired a new stake in shares of LivePerson during the fourth quarter worth about $89,000. Point72 DIFC Ltd purchased a new position in shares of LivePerson during the second quarter worth about $32,000. Finally, Retirement Planning Co of New England Inc. increased its position in LivePerson by 45.0% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock valued at $66,000 after acquiring an additional 20,627 shares during the period. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

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.