Other analysts have also recently issued research reports about the stock. Needham & Company LLC reduced their target price on shares of LivePerson from $47.00 to $33.00 and set a buy rating for the company in a research note on Monday, March 16th. Zacks Investment Research upgraded shares of LivePerson from a hold rating to a strong-buy rating and set a $38.00 price objective for the company in a research note on Tuesday, May 12th. B. Riley raised their price objective on shares of LivePerson from $36.00 to $43.00 and gave the company a buy rating in a research note on Monday, June 22nd. Mizuho raised their price objective on shares of LivePerson from $40.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, May 13th. Finally, ValuEngine cut shares of LivePerson from a strong-buy rating to a buy rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $40.85.
LPSN stock opened at $41.43 on Friday. LivePerson has a one year low of $14.08 and a one year high of $45.21. The stock has a market capitalization of $2.75 billion, a PE ratio of -23.15 and a beta of 1.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.68 and a current ratio of 1.68. The company has a fifty day moving average of $36.73 and a 200-day moving average of $32.50.
In other LivePerson news, Director William Wesemann sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $40.00, for a total transaction of $160,000.00. Following the completion of the transaction, the director now directly owns 150,000 shares in the company, valued at approximately $6,000,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fred Mossler sold 7,102 shares of LivePerson stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $36.75, for a total transaction of $260,998.50. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,286,250. The disclosure for this sale can be found here. Insiders have sold a total of 83,149 shares of company stock valued at $3,052,762 over the last 90 days. 10.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC grew its holdings in shares of LivePerson by 1.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 129,321 shares of the technology company’s stock worth $4,785,000 after buying an additional 1,794 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of LivePerson during the fourth quarter worth about $440,000. Great West Life Assurance Co. Can purchased a new stake in LivePerson in the fourth quarter valued at approximately $2,779,000. NEXT Financial Group Inc purchased a new stake in LivePerson in the first quarter valued at approximately $52,000. Finally, Alliancebernstein L.P. grew its holdings in LivePerson by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 121,030 shares of the technology company’s stock valued at $4,478,000 after purchasing an additional 14,380 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.
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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