LivePerson, Inc. (NASDAQ:LPSN) Short Interest Up 11.5% in July

LivePerson, Inc. (NASDAQ:LPSN) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 4,852,600 shares, a growth of 11.5% from the June 30th total of 4,353,000 shares. Based on an average daily volume of 666,400 shares, the short-interest ratio is currently 7.3 days. Approximately 8.4% of the company’s shares are short sold.

Several research firms have recently issued reports on LPSN. Zacks Investment Research lowered LivePerson from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. Berenberg Bank began coverage on LivePerson in a research note on Thursday, May 16th. They issued a “buy” rating and a $40.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective (up from $34.00) on shares of LivePerson in a research note on Wednesday, July 31st. Craig Hallum raised their price objective on LivePerson from $34.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer increased their price target on LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.73.

In other news, SVP Daryl Carlough sold 16,164 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total value of $447,904.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 23,601 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $27.29, for a total value of $644,071.29. The disclosure for this sale can be found here. Insiders sold a total of 60,266 shares of company stock valued at $1,728,075 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of LivePerson by 111.2% in the 2nd quarter. US Bancorp DE now owns 2,203 shares of the technology company’s stock valued at $62,000 after acquiring an additional 1,160 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of LivePerson in the 2nd quarter valued at $101,000. V Wealth Advisors LLC purchased a new position in shares of LivePerson in the 2nd quarter valued at $213,000. Ardsley Advisory Partners LP purchased a new position in shares of LivePerson in the 2nd quarter valued at $224,000. Finally, Virtu Financial LLC purchased a new position in shares of LivePerson in the 1st quarter valued at $236,000. Institutional investors and hedge funds own 84.07% of the company’s stock.

Shares of NASDAQ:LPSN traded down $1.32 on Wednesday, reaching $36.31. The company had a trading volume of 995,326 shares, compared to its average volume of 683,222. LivePerson has a 52-week low of $16.98 and a 52-week high of $39.22. The business has a 50 day moving average of $31.91. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -157.87 and a beta of 1.14. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.06.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.11). LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The company had revenue of $71.00 million during the quarter, compared to analysts’ expectations of $70.16 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts expect that LivePerson will post -0.71 EPS for the current year.

About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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