TIAA CREF Investment Management LLC lifted its position in shares of LivePerson (NASDAQ:LPSN) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,399 shares of the technology company’s stock after acquiring an additional 10,522 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.53% of LivePerson worth $3,639,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Ellington Management Group LLC bought a new stake in shares of LivePerson during the 4th quarter worth approximately $146,000. Miles Capital Inc. bought a new position in LivePerson in the 4th quarter valued at approximately $169,000. Public Employees Retirement System of Ohio bought a new position in LivePerson in the 3rd quarter valued at approximately $177,000. Teacher Retirement System of Texas bought a new position in LivePerson in the 4th quarter valued at approximately $198,000. Finally, Cubist Systematic Strategies LLC bought a new position in LivePerson in the 3rd quarter valued at approximately $254,000. 74.89% of the stock is owned by institutional investors.
Shares of NASDAQ LPSN opened at $16.55 on Tuesday. LivePerson has a 52-week low of $6.97 and a 52-week high of $17.15. The company has a market capitalization of $983.13, a price-to-earnings ratio of -275.83 and a beta of 0.85.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). LivePerson had a negative net margin of 8.31% and a negative return on equity of 3.11%. The business had revenue of $57.39 million during the quarter, compared to analyst estimates of $56.60 million. equities research analysts predict that LivePerson will post -0.07 earnings per share for the current year.
In other LivePerson news, CFO Daniel Richard Murphy sold 12,092 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $15.34, for a total value of $185,491.28. Following the completion of the transaction, the chief financial officer now directly owns 70,093 shares in the company, valued at approximately $1,075,226.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Daryl Carlough sold 4,754 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $15.56, for a total transaction of $73,972.24. Following the completion of the transaction, the senior vice president now owns 10,510 shares of the company’s stock, valued at $163,535.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,925 shares of company stock valued at $2,403,794. Corporate insiders own 11.70% of the company’s stock.
Several equities analysts recently commented on LPSN shares. BidaskClub downgraded shares of LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 6th. ValuEngine raised shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of LivePerson in a research note on Friday, March 16th. B. Riley increased their price objective on shares of LivePerson to $19.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, Northland Securities reissued a “buy” rating and issued a $21.00 price objective on shares of LivePerson in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $16.54.
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LivePerson Company Profile
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
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