New York State Teachers Retirement System continued to hold its position in shares of LivePerson, Inc. (NASDAQ:LPSN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,013 shares of the technology company’s stock at the end of the fourth quarter. New York State Teachers Retirement System owned 0.21% of LivePerson worth $914,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of LPSN. BlackRock Fund Advisors boosted its stake in LivePerson by 11.6% in the third quarter. BlackRock Fund Advisors now owns 3,799,480 shares of the technology company’s stock worth $31,954,000 after buying an additional 395,383 shares in the last quarter. Discovery Group I LLC raised its position in shares of LivePerson by 33.4% in the fourth quarter. Discovery Group I LLC now owns 3,102,644 shares of the technology company’s stock worth $23,425,000 after buying an additional 777,009 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of LivePerson by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,100 shares of the technology company’s stock worth $12,972,000 after buying an additional 187,000 shares during the last quarter. State Street Corp raised its position in shares of LivePerson by 8.5% in the fourth quarter. State Street Corp now owns 1,156,840 shares of the technology company’s stock worth $8,737,000 after buying an additional 90,589 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of LivePerson by 23.9% in the third quarter. Bank of New York Mellon Corp now owns 672,136 shares of the technology company’s stock worth $5,652,000 after buying an additional 129,630 shares during the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.
LivePerson, Inc. (NASDAQ:LPSN) traded down 2.10% during mid-day trading on Friday, hitting $7.00. The company’s stock had a trading volume of 195,796 shares. The firm’s market cap is $408.09 million. LivePerson, Inc. has a 52-week low of $5.43 and a 52-week high of $8.85. The firm has a 50 day moving average of $6.84 and a 200-day moving average of $7.60.
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Several research firms have weighed in on LPSN. TheStreet lowered LivePerson from a “hold” rating to a “sell” rating in a report on Wednesday, December 28th. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. LivePerson currently has a consensus rating of “Hold” and an average target price of $8.94.
About LivePerson
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
