LivePerson, Inc. (NASDAQ:LPSN) Receives $1.25 Consensus Target Price from Analysts

LivePerson, Inc. (NASDAQ:LPSN) has received an average rating of “Reduce” from the eight research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $1.25.

LPSN has been the topic of a number of 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 downgraded shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a research note on Friday, November 8th.

LivePerson Price Performance

LivePerson stock opened at $1.52 on Wednesday. The stock has a market cap of $137.19 million, a P/E ratio of -0.99 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The company has a 50-day moving average price of $0.97 and a 200 day moving average price of $1.04. LivePerson has a 12-month low of $0.45 and a 12-month high of $3.98.

Insider Activity

In other news, CFO John Deneen Collins sold 130,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the sale, the chief financial officer now directly owns 997,604 shares of the company’s stock, valued at approximately $847,963.40. The trade was a 11.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce Edward Hansen sold 84,944 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $0.85, for a total value of $72,202.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 236,879 shares of company stock worth $207,708. Corporate insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

A number of institutional investors have recently modified their holdings of the business. Wolverine Trading LLC lifted its position in LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after acquiring an additional 16,385 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of LivePerson during the second quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in LivePerson in the 2nd quarter valued at $57,000. XTX Topco Ltd increased its stake in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after buying an additional 194,069 shares during the period. Finally, AQR Capital Management LLC purchased a new position in LivePerson during the 2nd quarter worth $159,000. 79.83% of the stock is owned by institutional investors and hedge funds.

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.