Short Interest in LivePerson, Inc. (NASDAQ:LPSN) Grows By 29.2%

LivePerson, Inc. (NASDAQ:LPSN) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 11,740,000 shares, a growth of 29.2% from the January 31st total of 9,090,000 shares. Based on an average daily volume of 3,780,000 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

LPSN has been the subject of several recent analyst reports. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, LivePerson presently has a consensus rating of “Hold” and a consensus price target of $0.88.

LivePerson Stock Performance

Shares of LPSN traded up $0.01 during trading hours on Tuesday, hitting $1.05. The stock had a trading volume of 1,856,580 shares, compared to its average volume of 3,329,628. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. LivePerson has a 12 month low of $0.45 and a 12 month high of $2.08. The firm has a market capitalization of $94.77 million, a PE ratio of -0.69 and a beta of 1.59. The stock has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.15.

Insider Transactions at LivePerson

In other news, Director Bruce Edward Hansen sold 84,944 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

Several hedge funds have recently bought and sold shares of LPSN. GSA Capital Partners LLP bought a new stake in LivePerson during the third quarter valued at about $513,000. Charles Schwab Investment Management Inc. grew its holdings in LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after purchasing an additional 15,032 shares during the period. Wolverine Trading LLC grew its holdings in LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares during the period. XTX Topco Ltd grew its holdings 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 purchasing an additional 194,069 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in LivePerson during the fourth quarter valued at about $68,000. Institutional investors own 79.83% of the company’s stock.

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.