LivePerson, Inc. (NASDAQ:LPSN) Shares Purchased by Connors Investor Services Inc.

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Connors Investor Services Inc. boosted its holdings in LivePerson, Inc. (NASDAQ:LPSN) by 0.5% in the second quarter, HoldingsChannel.com reports. The firm owned 150,710 shares of the technology company’s stock after buying an additional 806 shares during the quarter. Connors Investor Services Inc.’s holdings in LivePerson were worth $4,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its holdings in LivePerson by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,995 shares of the technology company’s stock valued at $645,000 after purchasing an additional 400 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in LivePerson by 0.3% in the first quarter. New York State Teachers Retirement System now owns 138,526 shares of the technology company’s stock valued at $4,020,000 after purchasing an additional 422 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in LivePerson by 2.4% in the second quarter. State of Alaska Department of Revenue now owns 20,306 shares of the technology company’s stock valued at $569,000 after purchasing an additional 483 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in LivePerson by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 54,445 shares of the technology company’s stock valued at $1,527,000 after purchasing an additional 630 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in LivePerson by 9.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,100 shares of the technology company’s stock valued at $255,000 after purchasing an additional 750 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Kevin Lavan sold 15,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.40, for a total value of $486,000.00. Following the completion of the sale, the director now directly owns 21,000 shares of the company’s stock, valued at $680,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.70% of the stock is currently owned by corporate insiders.

Shares of LPSN stock traded up $0.78 during trading hours on Thursday, hitting $39.09. The stock had a trading volume of 8,254 shares, compared to its average volume of 612,416. The firm has a market capitalization of $2.42 billion, a PE ratio of -169.48 and a beta of 1.06. LivePerson, Inc. has a twelve month low of $16.98 and a twelve month high of $41.00. The stock’s 50 day moving average is $37.73 and its 200 day moving average is $31.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.41 and a quick ratio of 2.41.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.11). The firm had revenue of $71.00 million during the quarter, compared to analyst estimates of $70.16 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. LivePerson’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. As a group, equities analysts predict that LivePerson, Inc. will post -0.72 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded LivePerson from a “buy” rating to a “sell” rating in a report on Wednesday, August 7th. Jefferies Financial Group upped their price target on LivePerson to $45.00 and gave the company a “buy” rating in a report on Friday, August 9th. Craig Hallum upped their price target on LivePerson from $34.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp upped their price target on LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Needham & Company LLC upped their price target on LivePerson to $40.00 and gave the company a “positive” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $36.13.

LivePerson Profile

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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Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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