Mystic Asset Management Inc. Increases Stock Holdings in LivePerson, Inc. (NASDAQ:LPSN)

Mystic Asset Management Inc. raised its stake in LivePerson, Inc. (NASDAQ:LPSN) by 57.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,920 shares of the technology company’s stock after purchasing an additional 18,600 shares during the period. Mystic Asset Management Inc. owned 0.06% of LivePerson worth $77,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after purchasing an additional 15,032 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of LivePerson in the fourth quarter valued at approximately $68,000. Wolverine Trading LLC boosted its holdings in shares of 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 period. GSA Capital Partners LLP acquired a new stake in shares of LivePerson in the third quarter valued at approximately $513,000. Finally, XTX Topco Ltd boosted its holdings in shares of LivePerson by 1,162.0% in the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after acquiring an additional 194,069 shares during the period. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $0.88.

LivePerson Price Performance

Shares of NASDAQ LPSN opened at $0.94 on Wednesday. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a fifty day moving average price of $1.22 and a 200 day moving average price of $1.12. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $2.08. The company has a market cap of $85.08 million, a PE ratio of -0.62 and a beta of 1.51.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The company had revenue of $73.21 million for the quarter, compared to analyst estimates of $68.12 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same period in the prior year, the business earned ($0.06) earnings per share. Sell-side analysts forecast that LivePerson, Inc. will post -0.41 EPS for the current 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.