LivePerson (NASDAQ:LPSN) Raised to “Hold” at Wall Street Zen

LivePerson (NASDAQ:LPSN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LivePerson in a report on Thursday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LivePerson Price Performance

Shares of NASDAQ:LPSN opened at $5.09 on Friday. The business has a 50-day moving average of $8.03 and a two-hundred day moving average of $11.64. The firm has a market capitalization of $51.10 million, a PE ratio of -0.17 and a beta of 1.41. LivePerson has a 12 month low of $5.02 and a 12 month high of $31.20.

Insider Buying and Selling

In related news, CEO Anthony John Sabino sold 6,404 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $10.35, for a total transaction of $66,281.40. Following the transaction, the chief executive officer directly owned 183,748 shares of the company’s stock, valued at approximately $1,901,791.80. The trade was a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John Deneen Collins sold 29,773 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $9.45, for a total value of $281,354.85. Following the completion of the transaction, the chief financial officer owned 101,813 shares of the company’s stock, valued at approximately $962,132.85. This represents a 22.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 50,593 shares of company stock worth $486,030 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of LivePerson

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of LivePerson by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company’s stock valued at $318,000 after purchasing an additional 26,163 shares during the period. Virtu Financial LLC purchased a new stake in LivePerson during the 1st quarter worth $26,000. XTX Topco Ltd acquired a new position in LivePerson in the 2nd quarter worth $246,000. Calamos Advisors LLC acquired a new position in LivePerson in the 3rd quarter worth $1,978,000. Finally, Vanguard Group Inc. boosted its position in LivePerson by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company’s stock valued at $2,233,000 after buying an additional 100,727 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.

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.