LivePerson, Inc. (NASDAQ:LPSN) Short Interest Update

LivePerson, Inc. (NASDAQ:LPSN) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 7,210,000 shares, a decline of 25.1% from the October 31st total of 9,630,000 shares. Based on an average trading volume of 1,950,000 shares, the days-to-cover ratio is presently 3.7 days.

Insiders Place Their Bets

In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the transaction, the chief accounting officer now directly owns 378,707 shares of the company’s stock, valued at approximately $431,725.98. This trade represents a 5.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John Deneen Collins sold 85,126 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1.05, for a total transaction of $89,382.30. Following the completion of the sale, the chief financial officer now directly owns 287,604 shares in the company, valued at $301,984.20. This trade represents a 22.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 237,061 shares of company stock valued at $224,888. 9.00% of the stock is owned by company insiders.

Institutional Trading of LivePerson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 523,694 shares in the last quarter. GSA Capital Partners LLP acquired a new position in LivePerson during the third quarter worth approximately $513,000. AQR Capital Management LLC purchased a new stake in LivePerson in the second quarter valued at approximately $159,000. XTX Topco Ltd boosted its holdings in shares of LivePerson by 1,162.0% in the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after acquiring an additional 194,069 shares during the period. Finally, Quadrature Capital Ltd grew its position in shares of LivePerson by 1,633.2% during the first quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock worth $203,000 after acquiring an additional 193,335 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, LivePerson presently has an average rating of “Hold” and an average target price of $1.25.

LivePerson Price Performance

NASDAQ:LPSN traded up $0.02 during trading hours on Friday, reaching $0.97. 1,064,562 shares of the company were exchanged, compared to its average volume of 2,256,880. The stock’s 50-day moving average is $1.08 and its 200-day moving average is $1.00. The firm has a market cap of $87.60 million, a PE ratio of -0.63 and a beta of 1.78. LivePerson has a twelve month low of $0.45 and a twelve month high of $3.98. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.