LivePerson, Inc. (NASDAQ:LPSN) Short Interest Update

LivePerson, Inc. (NASDAQ:LPSN) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 9,200,000 shares, a decrease of 21.6% from the February 13th total of 11,740,000 shares. Currently, 11.2% of the shares of the company are short sold. Based on an average trading volume of 3,770,000 shares, the days-to-cover ratio is currently 2.4 days.

Hedge Funds Weigh In On LivePerson

Several institutional investors have recently added to or reduced their stakes in LPSN. Two Sigma Advisers LP grew its holdings in shares of LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock valued at $1,377,000 after purchasing an additional 267,827 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of LivePerson by 146.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock worth $112,000 after buying an additional 43,804 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of LivePerson in the 4th quarter worth about $152,000. Marshall Wace LLP purchased a new stake in shares of LivePerson during the 4th quarter valued at about $57,000. Finally, Raymond James Financial Inc. bought a new position in shares of LivePerson in the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

LivePerson Stock Performance

LPSN traded down $0.14 during midday trading on Tuesday, reaching $0.94. The company had a trading volume of 1,570,650 shares, compared to its average volume of 3,159,788. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The business has a 50-day moving average of $1.23 and a two-hundred day moving average of $1.12. The company has a market cap of $85.08 million, a P/E ratio of -0.62 and a beta of 1.51. LivePerson has a 1 year low of $0.45 and a 1 year high of $2.08.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.23). LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. The business had revenue of $73.21 million for the quarter, compared to analysts’ expectations of $68.12 million. During the same quarter in the prior year, the business posted ($0.06) EPS. As a group, equities research analysts predict that LivePerson will post -0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LPSN shares. StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $0.88.

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.