LivePerson, Inc. (NASDAQ:LPSN) Given Consensus Rating of “Hold” by Brokerages

Shares of LivePerson, Inc. (NASDAQ:LPSN) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.08.

LPSN has been the subject of several research analyst reports. Roth Mkm lowered LivePerson from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $2.00 in a report on Thursday, February 29th. B. Riley lowered their price objective on LivePerson from $3.75 to $2.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Mizuho lowered their target price on LivePerson from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Barclays lowered their target price on LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a report on Thursday, February 29th. Finally, Roth Capital lowered LivePerson from a “buy” rating to a “neutral” rating in a report on Thursday, February 29th.

Insider Transactions at LivePerson

In other LivePerson news, Director William Wesemann acquired 100,000 shares of LivePerson stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 374,835 shares in the company, valued at approximately $374,835. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 7,834 shares of company stock worth $6,839. Company insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors boosted its position in shares of LivePerson by 407.4% during the first quarter. Captrust Financial Advisors now owns 2,811 shares of the technology company’s stock worth $69,000 after buying an additional 2,257 shares during the period. PNC Financial Services Group Inc. increased its position in LivePerson by 36.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,236 shares of the technology company’s stock worth $103,000 after buying an additional 1,141 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in LivePerson by 61.5% during the first quarter. Advisors Asset Management Inc. now owns 4,407 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,678 shares during the period. Point72 Middle East FZE bought a new stake in LivePerson during the fourth quarter valued at about $57,000. Finally, US Bancorp DE boosted its holdings in LivePerson by 132.0% during the second quarter. US Bancorp DE now owns 5,985 shares of the technology company’s stock valued at $27,000 after acquiring an additional 3,405 shares during the period. 79.83% of the stock is currently owned by institutional investors and hedge funds.

LivePerson Stock Down 4.2 %

Shares of LivePerson stock opened at $0.56 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.63. The firm has a market cap of $49.14 million, a P/E ratio of -0.44 and a beta of 1.49. LivePerson has a fifty-two week low of $0.55 and a fifty-two week high of $6.41. The business has a 50-day moving average price of $1.39 and a 200 day moving average price of $2.51.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The firm had revenue of $95.47 million during the quarter, compared to the consensus estimate of $95.54 million. LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. On average, sell-side analysts forecast that LivePerson will post -0.68 earnings per share for the current fiscal year.

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.