LivePerson (NASDAQ:LPSN) Price Target Lowered to $1.00 at Loop Capital

LivePerson (NASDAQ:LPSN) had its price objective decreased by Loop Capital from $3.00 to $1.00 in a research note issued to investors on Tuesday, Benzinga reports. Loop Capital currently has a hold rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. Barclays reduced their price objective on LivePerson from $3.50 to $1.50 and set an underweight rating for the company in a research note on Thursday, February 29th. B. Riley reduced their price objective on LivePerson from $3.75 to $2.00 and set a neutral rating for the company in a research note on Thursday, February 29th. Roth Mkm cut LivePerson from a buy rating to a neutral rating and reduced their price objective for the company from $6.00 to $2.00 in a research note on Thursday, February 29th. Roth Capital cut LivePerson from a buy rating to a neutral rating in a research report on Thursday, February 29th. Finally, Mizuho cut their target price on LivePerson from $3.00 to $2.00 and set a neutral rating on the stock in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, LivePerson has a consensus rating of Hold and a consensus price target of $2.58.

LivePerson Trading Up 5.1 %

NASDAQ LPSN opened at $0.53 on Tuesday. The business has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $2.38. LivePerson has a one year low of $0.45 and a one year high of $6.41. The stock has a market capitalization of $46.35 million, a P/E ratio of -0.41 and a beta of 1.49. The company has a debt-to-equity ratio of 10.63, a current ratio of 1.20 and a quick ratio of 1.20.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. The firm had revenue of $95.47 million during the quarter, compared to analyst estimates of $95.54 million. Research analysts expect that LivePerson will post -0.68 earnings per share for the current year.

Insider Activity at LivePerson

In related news, EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction on Friday, April 19th. The stock was sold at an average price of $0.51, for a total transaction of $33,572.28. Following the sale, the executive vice president now directly owns 120,047 shares in the company, valued at $61,223.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LivePerson news, Director William Wesemann purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $1.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 374,835 shares of the company’s stock, valued at approximately $374,835. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction on Friday, April 19th. The stock was sold at an average price of $0.51, for a total value of $33,572.28. Following the sale, the executive vice president now owns 120,047 shares in the company, valued at $61,223.97. The disclosure for this sale can be found here. Insiders have sold a total of 73,662 shares of company stock valued at $40,411 over the last 90 days. Insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

A number of hedge funds have recently bought and sold shares of LPSN. Options Solutions LLC bought a new stake in LivePerson during the fourth quarter worth $38,000. Victory Capital Management Inc. bought a new stake in shares of LivePerson in the fourth quarter valued at $39,000. Nisa Investment Advisors LLC raised its stake in shares of LivePerson by 497.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock valued at $40,000 after buying an additional 8,809 shares during the period. Oak Thistle LLC bought a new stake in shares of LivePerson in the fourth quarter valued at $43,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of LivePerson by 54.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after buying an additional 5,342 shares during the period. 79.83% of the stock is currently owned by institutional investors.

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.