Barclays Trims LivePerson (NASDAQ:LPSN) Target Price to $4.00

LivePerson (NASDAQ:LPSN – Get Rating) had its price target decreased by Barclays from $11.00 to $4.00 in a research report report published on Thursday, The Fly reports. Barclays currently has an underweight rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of LivePerson from a sell rating to a hold rating in a research report on Wednesday. Craig Hallum raised shares of LivePerson from a hold rating to a buy rating and raised their price target for the company from $13.00 to $15.00 in a research report on Friday, March 3rd. Finally, Mizuho dropped their price target on shares of LivePerson from $14.00 to $12.00 in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $10.27.

LivePerson Price Performance

Shares of LPSN opened at $4.21 on Thursday. The company has a debt-to-equity ratio of 10.83, a quick ratio of 2.22 and a current ratio of 2.10. The stock has a 50-day moving average of $12.12 and a 200-day moving average of $11.17. LivePerson has a one year low of $3.81 and a one year high of $26.66.

Hedge Funds Weigh In On LivePerson

Several hedge funds have recently modified their holdings of LPSN. Louisiana State Employees Retirement System bought a new stake in shares of LivePerson in the 3rd quarter worth approximately $313,000. SG Americas Securities LLC raised its holdings in shares of LivePerson by 47.3% in the 3rd quarter. SG Americas Securities LLC now owns 117,534 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 37,735 shares during the period. Redwood Investment Management LLC raised its holdings in shares of LivePerson by 39.9% in the 3rd quarter. Redwood Investment Management LLC now owns 261,030 shares of the technology company’s stock worth $2,459,000 after purchasing an additional 74,385 shares during the period. Texas Permanent School Fund raised its holdings in shares of LivePerson by 4.3% in the 2nd quarter. Texas Permanent School Fund now owns 49,880 shares of the technology company’s stock worth $705,000 after purchasing an additional 2,052 shares during the period. Finally, Granite Point Capital Management L.P. bought a new stake in shares of LivePerson in the 3rd quarter worth approximately $188,000. Institutional investors own 86.39% of the company’s stock.

LivePerson Company Profile

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence (AI). Conversational AI allows humans and machines to interact using natural language, including speech or text. The company operates through the Business and Consumer segments.