SG Americas Securities LLC Acquires Shares of 164,384 LivePerson, Inc. (NASDAQ:LPSN)

SG Americas Securities LLC acquired a new stake in LivePerson, Inc. (NASDAQ:LPSN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 164,384 shares of the technology company’s stock, valued at approximately $5,869,000. SG Americas Securities LLC owned 0.25% of LivePerson at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LPSN. BlackRock Inc. boosted its stake in shares of LivePerson by 6.4% during the 2nd quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock valued at $258,941,000 after purchasing an additional 556,214 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of LivePerson by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,230,499 shares of the technology company’s stock valued at $174,703,000 after purchasing an additional 149,203 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of LivePerson by 7.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,042,673 shares of the technology company’s stock valued at $29,237,000 after purchasing an additional 76,122 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of LivePerson by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 954,455 shares of the technology company’s stock valued at $26,762,000 after purchasing an additional 66,982 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of LivePerson by 8.3% during the 2nd quarter. Northern Trust Corp now owns 930,146 shares of the technology company’s stock valued at $26,082,000 after purchasing an additional 71,265 shares in the last quarter. Hedge funds and other institutional investors own 87.31% of the company’s stock.

Shares of NASDAQ LPSN traded down $5.35 during midday trading on Friday, hitting $35.06. The stock had a trading volume of 4,396,000 shares, compared to its average volume of 677,124. The company has a market cap of $2.71 billion, a P/E ratio of -152.43 and a beta of 1.03. LivePerson, Inc. has a 52 week low of $16.98 and a 52 week high of $42.85. The business’s 50 day moving average is $38.35 and its 200-day moving average is $33.57. 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 posted its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02). The firm had revenue of $75.18 million during the quarter, compared to the consensus estimate of $74.69 million. LivePerson had a negative return on equity of 22.65% and a negative net margin of 21.09%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 earnings per share. As a group, analysts expect that LivePerson, Inc. will post -0.72 EPS for the current fiscal year.

In other LivePerson news, EVP Monica L. Greenberg sold 2,284 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total value of $84,941.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.70% of the company’s stock.

Several research firms recently commented on LPSN. Oppenheimer boosted their price objective on shares of LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. KeyCorp boosted their price objective on shares of LivePerson from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Northland Securities set a $45.00 price objective on shares of LivePerson and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Needham & Company LLC boosted their price objective on shares of LivePerson from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, ValuEngine raised shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. LivePerson presently has an average rating of “Buy” and a consensus target price of $39.50.

LivePerson Profile

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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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