LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 1,668 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $19,098.60. Following the sale, the executive vice president now directly owns 44,226 shares in the company, valued at approximately $506,387.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of LivePerson, Inc. (NASDAQ LPSN) opened at $12.25 on Friday. LivePerson, Inc. has a twelve month low of $5.43 and a twelve month high of $15.10. The company has a market cap of $714.29, a price-to-earnings ratio of -28.49 and a beta of 1.19.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The firm had revenue of $54.49 million for the quarter, compared to the consensus estimate of $54.55 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. analysts predict that LivePerson, Inc. will post -0.02 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in LivePerson during the third quarter worth $177,000. GSA Capital Partners LLP boosted its holdings in LivePerson by 27.4% during the third quarter. GSA Capital Partners LLP now owns 45,341 shares of the technology company’s stock worth $614,000 after buying an additional 9,765 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in LivePerson during the third quarter worth $254,000. Granahan Investment Management Inc. MA boosted its holdings in LivePerson by 1.4% during the third quarter. Granahan Investment Management Inc. MA now owns 2,695,382 shares of the technology company’s stock worth $36,522,000 after buying an additional 37,677 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in LivePerson during the third quarter worth $730,000. 75.79% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Needham & Company LLC assumed coverage on shares of LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Benchmark upped their price objective on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, B. Riley assumed coverage on shares of LivePerson in a report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.23.
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LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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