LivePerson (NASDAQ:LPSN) Cut to “Sell” at StockNews.com

StockNews.com cut shares of LivePerson (NASDAQ:LPSN) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Separately, Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, LivePerson presently has an average rating of “Hold” and a consensus price target of $0.88.

LivePerson Stock Performance

Shares of NASDAQ LPSN opened at $0.92 on Tuesday. The company has a market cap of $83.43 million, a PE ratio of -0.60 and a beta of 1.59. LivePerson has a 12 month low of $0.45 and a 12 month high of $2.08. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.15.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.23). LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. The company had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $68.12 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts anticipate that LivePerson will post -0.41 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Bruce Edward Hansen sold 84,944 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On LivePerson

Several institutional investors have recently modified their holdings of LPSN. Two Sigma Advisers LP lifted its stake in LivePerson by 42.0% in the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock valued at $1,377,000 after acquiring an additional 267,827 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of LivePerson by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company’s stock valued at $1,175,000 after acquiring an additional 21,992 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of LivePerson by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after acquiring an additional 15,032 shares during the period. GSA Capital Partners LLP bought a new stake in shares of LivePerson during the 3rd quarter worth $513,000. Finally, XTX Topco Ltd lifted its position in shares of LivePerson by 1,162.0% during the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after buying an additional 194,069 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

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.