LivePerson (NASDAQ:LPSN) Downgraded to Hold Rating by Craig Hallum

LivePerson (NASDAQ:LPSN) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $1.00 target price on the technology company’s stock. Craig Hallum’s target price suggests a potential downside of 13.79% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. Barclays increased their price objective on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1.25.

LivePerson Trading Down 4.1 %

Shares of LPSN opened at $1.16 on Friday. LivePerson has a one year low of $0.45 and a one year high of $3.98. The stock has a 50-day moving average price of $1.14 and a 200 day moving average price of $0.96. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $104.70 million, a P/E ratio of -0.64 and a beta of 1.78.

Insider Transactions at LivePerson

In related news, CAO Jeffrey Ford sold 21,935 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at $431,725.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LivePerson news, EVP Monica L. Greenberg sold 34,441 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $38,573.92. Following the sale, the executive vice president now directly owns 181,607 shares in the company, valued at approximately $203,399.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey Ford sold 21,935 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the transaction, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at $431,725.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 225,237 shares of company stock worth $246,745. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of LivePerson during the second quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in LivePerson in the 2nd quarter worth approximately $57,000. Tidal Investments LLC acquired a new stake in LivePerson in the 1st quarter valued at approximately $98,000. Susquehanna Fundamental Investments LLC bought a new stake in LivePerson during the 1st quarter valued at $122,000. Finally, Price T Rowe Associates Inc. MD boosted its position in LivePerson by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after acquiring an additional 60,874 shares during the period. 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.