StockNews.com Upgrades LivePerson (NASDAQ:LPSN) to “Hold”

StockNews.com upgraded shares of LivePerson (NASDAQ:LPSN) from a sell rating to a hold rating in a research report sent to investors on Monday.

LPSN has been the topic of a number of other research reports. Needham & Company LLC reissued a hold rating on shares of LivePerson in a research report on Thursday, August 1st. Loop Capital decreased their price target on LivePerson from $3.00 to $1.00 and set a hold rating on the stock in a research report on Tuesday, April 23rd. Mizuho cut their price objective on shares of LivePerson from $2.00 to $0.50 and set a neutral rating for the company in a research report on Monday, May 13th. Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the company an underweight rating in a report on Thursday, August 1st. Finally, Craig Hallum upped their price target on shares of LivePerson from $1.25 to $1.40 and gave the stock a buy rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, LivePerson has an average rating of Hold and an average target price of $1.32.

LivePerson Trading Up 6.8 %

Shares of LPSN stock opened at $1.26 on Monday. LivePerson has a 12-month low of $0.45 and a 12-month high of $5.98. The company has a market capitalization of $111.65 million, a PE ratio of -0.88 and a beta of 1.73. The firm has a 50 day moving average price of $0.83 and a two-hundred day moving average price of $1.18. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 7.04.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02. LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. The business had revenue of $85.15 million during the quarter, compared to analysts’ expectations of $80.53 million. As a group, analysts predict that LivePerson will post -0.54 earnings per share for the current year.

Insider Activity at LivePerson

In other LivePerson news, EVP Alex Kroman sold 120,047 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total transaction of $76,830.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.00% of the stock is owned by insiders.

Institutional Trading of LivePerson

A number of hedge funds have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in LivePerson in the 1st quarter valued at approximately $122,000. BNP Paribas Financial Markets lifted its holdings in shares of LivePerson by 264.0% during the first quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company’s stock worth $225,000 after purchasing an additional 163,978 shares during the period. Virtu Financial LLC bought a new stake in shares of LivePerson in the first quarter worth $143,000. AIGH Capital Management LLC acquired a new stake in LivePerson in the fourth quarter valued at $6,102,000. Finally, Quadrature Capital Ltd raised its position in LivePerson by 1,633.2% during the 1st quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock worth $203,000 after purchasing an additional 193,335 shares during the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.

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.