LivePerson, Inc. (NASDAQ:LPSN) Given Average Rating of “Reduce” by Analysts

LivePerson, Inc. (NASDAQ:LPSN) has received a consensus rating of “Reduce” from the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $1.25.

Several brokerages recently issued reports on LPSN. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research note on Friday, November 8th. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th.

Insider Buying and Selling at LivePerson

In other news, CFO John Deneen Collins sold 130,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $0.85, for a total value of $110,500.00. Following the transaction, the chief financial officer now directly owns 997,604 shares of the company’s stock, valued at $847,963.40. The trade was a 11.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce Edward Hansen sold 84,944 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 249,783 shares of company stock valued at $228,097. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LPSN. Point72 DIFC Ltd acquired a new position in LivePerson during the 2nd quarter worth $32,000. Wolverine Trading LLC lifted its holdings in LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after buying an additional 16,385 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in LivePerson during the 2nd quarter worth $57,000. Assenagon Asset Management S.A. acquired a new position in LivePerson during the 4th quarter worth $68,000. Finally, AQR Capital Management LLC acquired a new position in LivePerson during the 2nd quarter worth $159,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

LivePerson Trading Down 3.6 %

LivePerson stock opened at $1.33 on Friday. LivePerson has a 52 week low of $0.45 and a 52 week high of $3.29. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $120.05 million, a PE ratio of -0.87 and a beta of 1.59. The business’s 50-day simple moving average is $1.04 and its 200-day simple moving average is $1.11.

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.