LivePerson, Inc. (NASDAQ:LPSN) Director Sells 84,944 Shares

LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen sold 84,944 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

LivePerson Stock Down 4.1 %

Shares of NASDAQ LPSN traded down $0.03 during trading on Friday, hitting $0.80. 1,999,470 shares of the company traded hands, compared to its average volume of 2,820,766. The business’s fifty day moving average is $1.03 and its 200 day moving average is $1.00. The firm has a market capitalization of $72.01 million, a price-to-earnings ratio of -0.52 and a beta of 1.73. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $3.98.

Hedge Funds Weigh In On LivePerson

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 valued at $8,634,000 after buying an additional 523,694 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of LivePerson by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after purchasing an additional 60,874 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of LivePerson by 3.0% during the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after buying an additional 12,273 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in LivePerson in the 2nd quarter valued at $32,000. Finally, Squarepoint Ops LLC raised its position in LivePerson by 25.8% in the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after buying an additional 93,693 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.