LivePerson, Inc. (NASDAQ:LPSN) was the target of a large increase in short interest during the month of January. As of January 12th, there was short interest totalling 1,226,570 shares, an increase of 36.4% from the December 29th total of 899,403 shares. Approximately 2.3% of the company’s stock are sold short. Based on an average trading volume of 363,098 shares, the days-to-cover ratio is currently 3.4 days.
A number of research analysts have recently commented on LPSN shares. B. Riley started coverage on LivePerson in a report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a report on Wednesday, November 1st. Oppenheimer restated a “hold” rating on shares of LivePerson in a research note on Friday, January 26th. Finally, Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.23.
LivePerson (NASDAQ:LPSN) opened at $11.85 on Thursday. The stock has a market capitalization of $675.60, a P/E ratio of -27.56 and a beta of 1.20. LivePerson has a 12 month low of $6.47 and a 12 month high of $15.10.
In other news, CFO Daniel Richard Murphy sold 2,493 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $28,544.85. Following the transaction, the chief financial officer now owns 82,185 shares in the company, valued at approximately $941,018.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total value of $31,819.55. Following the completion of the transaction, the chief executive officer now owns 73,656 shares in the company, valued at approximately $843,361.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,440 shares of company stock worth $85,188. Company insiders own 11.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LPSN. Schwab Charles Investment Management Inc. grew its stake in LivePerson by 8.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 225,144 shares of the technology company’s stock worth $2,477,000 after buying an additional 18,116 shares during the last quarter. Legal & General Group Plc lifted its position in LivePerson by 8.6% during the 2nd quarter. Legal & General Group Plc now owns 97,161 shares of the technology company’s stock worth $1,069,000 after acquiring an additional 7,658 shares during the period. Principal Financial Group Inc. lifted its position in LivePerson by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 419,874 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 4,059 shares during the period. Wells Fargo & Company MN lifted its position in LivePerson by 29.0% during the 2nd quarter. Wells Fargo & Company MN now owns 46,535 shares of the technology company’s stock worth $512,000 after acquiring an additional 10,466 shares during the period. Finally, Alliancebernstein L.P. lifted its position in LivePerson by 106.5% during the 2nd quarter. Alliancebernstein L.P. now owns 63,030 shares of the technology company’s stock worth $693,000 after acquiring an additional 32,500 shares during the period. Hedge funds and other institutional investors own 76.52% of the company’s stock.
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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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