BidaskClub upgraded shares of LivePerson (NASDAQ:LPSN) from a hold rating to a buy rating in a report released on Friday morning.
LPSN has been the topic of several other research reports. Roth Capital boosted their price target on shares of LivePerson to $31.00 and gave the company a buy rating in a research report on Tuesday, July 31st. Needham & Company LLC boosted their price target on shares of LivePerson from $20.00 to $28.00 and gave the company a buy rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of LivePerson from a hold rating to a sell rating in a research report on Thursday, October 11th. Finally, B. Riley boosted their price target on shares of LivePerson from $19.25 to $31.00 and gave the company a buy rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. LivePerson presently has an average rating of Buy and a consensus target price of $26.50.
Shares of NASDAQ LPSN traded down $1.58 during midday trading on Friday, hitting $21.80. The company’s stock had a trading volume of 13,394 shares, compared to its average volume of 451,873. LivePerson has a one year low of $10.80 and a one year high of $27.40. The firm has a market cap of $1.46 billion, a P/E ratio of -370.17 and a beta of 1.27.
In other news, CEO Robert P. Locascio sold 2,567 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $26.55, for a total value of $68,153.85. Following the sale, the chief executive officer now owns 316,239 shares of the company’s stock, valued at $8,396,145.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Daryl Carlough sold 1,223 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $26.55, for a total transaction of $32,470.65. Following the transaction, the senior vice president now directly owns 12,719 shares of the company’s stock, valued at approximately $337,689.45. The disclosure for this sale can be found here. In the last three months, insiders sold 15,256 shares of company stock worth $379,647. Insiders own 11.50% of the company’s stock.
A number of large investors have recently modified their holdings of LPSN. Principal Financial Group Inc. grew its stake in LivePerson by 2.4% during the first quarter. Principal Financial Group Inc. now owns 419,748 shares of the technology company’s stock valued at $6,863,000 after acquiring an additional 9,955 shares in the last quarter. Suntrust Banks Inc. purchased a new position in LivePerson during the first quarter valued at approximately $423,000. Xact Kapitalforvaltning AB purchased a new position in LivePerson during the second quarter valued at approximately $262,000. Bank of Montreal Can purchased a new position in LivePerson during the second quarter valued at approximately $139,000. Finally, V Wealth Management LLC purchased a new position in LivePerson during the second quarter valued at approximately $253,000. 80.31% of the stock is owned by institutional investors.
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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