Miles Capital Inc. lessened its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 40.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,124 shares of the technology company’s stock after selling 6,152 shares during the period. Miles Capital Inc.’s holdings in LivePerson were worth $256,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of LPSN. V Wealth Advisors LLC bought a new stake in shares of LivePerson in the second quarter valued at approximately $213,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of LivePerson in the first quarter valued at approximately $242,000. Everence Capital Management Inc. bought a new stake in shares of LivePerson in the first quarter valued at approximately $276,000. Moors & Cabot Inc. bought a new stake in shares of LivePerson in the first quarter valued at approximately $286,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of LivePerson in the second quarter valued at approximately $281,000. Institutional investors own 87.71% of the company’s stock.
Shares of NASDAQ:LPSN traded down $1.14 during trading on Friday, hitting $36.71. 244,479 shares of the company were exchanged, compared to its average volume of 686,248. The business’s 50 day moving average is $37.20 and its 200-day moving average is $30.83. The company has a market capitalization of $2.38 billion, a P/E ratio of -159.61 and a beta of 1.06. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.06. LivePerson, Inc. has a 1-year low of $16.98 and a 1-year high of $41.00.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.11). The company had revenue of $71.00 million for the quarter, compared to analyst estimates of $70.16 million. LivePerson had a negative return on equity of 22.65% and a negative net margin of 21.09%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. As a group, sell-side analysts anticipate that LivePerson, Inc. will post -0.72 earnings per share for the current year.
In other LivePerson news, EVP Monica L. Greenberg sold 23,601 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total transaction of $644,071.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin Lavan sold 15,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.40, for a total value of $486,000.00. Following the sale, the director now owns 21,000 shares of the company’s stock, valued at $680,400. The disclosure for this sale can be found here. Insiders sold 39,750 shares of company stock valued at $1,162,318 over the last 90 days. 9.70% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on the company. Oppenheimer boosted their price target on LivePerson from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Zacks Investment Research cut LivePerson from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. Jefferies Financial Group upped their target price on LivePerson to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Benchmark restated a “buy” rating and set a $40.00 target price (up from $34.00) on shares of LivePerson in a research note on Wednesday, July 31st. Finally, BidaskClub cut LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.13.
LivePerson Company Profile
LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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