LivePerson, Inc. (NASDAQ:LPSN) Sees Significant Drop in Short Interest

LivePerson, Inc. (NASDAQ:LPSN) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 7,210,000 shares, a decrease of 25.1% from the October 31st total of 9,630,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is presently 3.7 days.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LPSN. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research note on Friday, November 8th. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1.25.

LivePerson Price Performance

LivePerson stock traded up $0.02 during mid-day trading on Friday, reaching $0.97. 1,064,562 shares of the company were exchanged, compared to its average volume of 2,256,880. The company has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.00. The firm has a market cap of $87.60 million, a PE ratio of -0.63 and a beta of 1.78. 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 $3.98.

Insider Buying and Selling at LivePerson

In other LivePerson news, CFO John Deneen Collins sold 130,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $0.85, for a total value of $110,500.00. Following the transaction, the chief financial officer now directly owns 997,604 shares in the company, valued at $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey Ford sold 21,935 shares of the firm’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 sale, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at approximately $431,725.98. This represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 237,061 shares of company stock worth $224,888 over the last 90 days. Company insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC increased its stake in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after acquiring an additional 16,385 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of LivePerson in the 2nd quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LivePerson during the 2nd quarter worth $57,000. Tidal Investments LLC bought a new stake in shares of LivePerson during the 1st quarter worth $98,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in LivePerson by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after buying an additional 60,874 shares in the last quarter. Institutional investors own 79.83% of the company’s stock.

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.