LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CAO Jeffrey Ford sold 21,935 shares of the company's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares in the company, valued at approximately $431,725.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
LivePerson Price Performance
LPSN opened at $1.23 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 7.04. The company's 50-day moving average price is $1.20 and its 200 day moving average price is $0.91. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $3.98. The firm has a market cap of $109.00 million, a price-to-earnings ratio of -0.85 and a beta of 1.79.
LivePerson (NASDAQ:LPSN - Get Free Report) last released its quarterly 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 firm had revenue of $79.88 million for the quarter, compared to the consensus estimate of $77.62 million. LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. As a group, sell-side analysts expect that LivePerson, Inc. will post -0.41 earnings per share for the current year.
Institutional Trading of LivePerson
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Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in LivePerson during the second quarter worth approximately $32,000. Retirement Planning Co of New England Inc. raised its stake in shares of 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 worth $66,000 after buying an additional 20,627 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LivePerson in the second quarter valued at $57,000. Tidal Investments LLC bought a new position in LivePerson during the first quarter valued at about $98,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in LivePerson during the first quarter worth about $122,000. 79.83% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on LPSN. StockNews.com raised shares of LivePerson from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. Barclays raised their price objective on LivePerson from $0.75 to $1.00 and gave the stock an "underweight" rating in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of LivePerson in a research report on Thursday, August 1st. Finally, Craig Hallum increased their target price on LivePerson from $1.25 to $1.40 and gave the stock a "buy" 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $1.32.
View Our Latest Report on LivePerson
About LivePerson
(
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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.
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