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

LivePerson, Inc. (NASDAQ:LPSN) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 8,300,000 shares, an increase of 6.4% from the October 31st total of 7,800,000 shares. Based on an average trading volume of 690,500 shares, the short-interest ratio is presently 12.0 days. Approximately 13.9% of the company’s shares are sold short.

A number of brokerages have recently commented on LPSN. Needham & Company LLC boosted their target price on shares of LivePerson from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, September 20th. Northland Securities set a $45.00 target price on shares of LivePerson and gave the company a “buy” rating in a report on Wednesday, September 18th. Barclays restated a “buy” rating and set a $49.00 target price on shares of LivePerson in a report on Sunday, November 3rd. William Blair began coverage on shares of LivePerson in a report on Friday, November 15th. They set an “outperform” rating on the stock. Finally, BidaskClub cut shares of LivePerson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.54.

LivePerson stock remained flat at $$39.69 during mid-day trading on Friday. 253,197 shares of the company were exchanged, compared to its average volume of 861,106. The firm has a market cap of $2.59 billion, a P/E ratio of -172.57 and a beta of 1.03. The company’s 50 day moving average price is $38.69 and its 200-day moving average price is $34.44. LivePerson has a 52 week low of $17.16 and a 52 week high of $42.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.19 and a quick ratio of 2.19.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02). The firm had revenue of $75.18 million during the quarter, compared to the consensus estimate of $74.69 million. LivePerson had a negative return on equity of 33.89% and a negative net margin of 27.03%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, analysts forecast that LivePerson will post -1.22 EPS for the current year.

In other news, SVP Daryl Carlough sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $38.49, for a total transaction of $384,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 2,284 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total transaction of $84,941.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,390 shares of company stock worth $474,140. 9.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in LPSN. Oregon Public Employees Retirement Fund boosted its stake in LivePerson by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,995 shares of the technology company’s stock worth $645,000 after purchasing an additional 400 shares in the last quarter. New York State Teachers Retirement System raised its position in LivePerson by 0.4% in the 2nd quarter. New York State Teachers Retirement System now owns 139,026 shares of the technology company’s stock worth $3,898,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System raised its position in LivePerson by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 92,543 shares of the technology company’s stock worth $2,595,000 after buying an additional 1,802 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in LivePerson in the 2nd quarter worth about $2,847,000. Finally, Redwood Investments LLC raised its position in LivePerson by 3.6% in the 2nd quarter. Redwood Investments LLC now owns 720,475 shares of the technology company’s stock worth $20,202,000 after buying an additional 25,097 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

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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