LivePerson, Inc. (NASDAQ:LPSN) Receives Consensus Rating of “Reduce” from Analysts

Shares of LivePerson, Inc. (NASDAQ:LPSN) have earned an average rating of “Reduce” from the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1.25.

A number of research firms have recently commented on LPSN. Craig Hallum cut shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a report on Friday, November 8th. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th.

LivePerson Stock Down 0.8 %

Shares of LPSN stock opened at $1.28 on Thursday. The business has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $1.16. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. LivePerson has a twelve month low of $0.45 and a twelve month high of $2.73.

Insider Activity at LivePerson

In other news, Director Bruce Edward Hansen sold 84,944 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Deneen Collins sold 130,000 shares of the firm’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 transaction, the chief financial officer now owns 997,604 shares of the company’s stock, valued at $847,963.40. This trade represents a 11.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,848 shares of company stock worth $203,091 in the last quarter. 9.00% of the stock is owned by insiders.

Institutional Trading of LivePerson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPSN. GSA Capital Partners LLP bought a new stake in shares of LivePerson in the 3rd quarter valued at $513,000. AQR Capital Management LLC acquired a new position in LivePerson in the second quarter valued at $159,000. XTX Topco Ltd boosted its position in LivePerson by 1,162.0% during the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after acquiring an additional 194,069 shares during the last quarter. Dodds Wealth LLC acquired a new stake in LivePerson during the 4th quarter worth about $96,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of LivePerson in the 4th quarter worth about $68,000. Institutional investors and hedge funds 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.