LivePerson (NASDAQ:LPSN) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of LivePerson (NASDAQ:LPSNFree Report) from a hold rating to a sell rating in a research note released on Friday morning.

LPSN has been the subject of several other reports. Roth Capital lowered shares of LivePerson from a buy rating to a neutral rating in a research report on Thursday, February 29th. Mizuho lowered their price target on shares of LivePerson from $2.00 to $0.50 and set a neutral rating on the stock in a report on Monday, May 13th. Barclays lowered their price target on shares of LivePerson from $3.50 to $1.50 and set an underweight rating on the stock in a report on Thursday, February 29th. Loop Capital lowered their price target on shares of LivePerson from $3.00 to $1.00 and set a hold rating on the stock in a report on Tuesday, April 23rd. Finally, Roth Mkm downgraded shares of LivePerson from a buy rating to a neutral rating and lowered their price target for the company from $6.00 to $2.00 in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $1.38.

Check Out Our Latest Stock Analysis on LPSN

LivePerson Stock Performance

Shares of LPSN stock opened at $0.68 on Friday. The company has a 50 day moving average price of $0.76 and a 200-day moving average price of $2.16. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 26.69. The firm has a market capitalization of $59.82 million, a PE ratio of -0.47 and a beta of 1.61. LivePerson has a 52 week low of $0.45 and a 52 week high of $6.41.

LivePerson (NASDAQ:LPSNGet Free Report) last announced its earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The business had revenue of $95.47 million for the quarter, compared to the consensus estimate of $95.54 million. LivePerson had a negative net margin of 31.27% and a negative return on equity of 56.82%. As a group, equities research analysts expect that LivePerson will post -0.54 earnings per share for the current year.

Insider Transactions at LivePerson

In related news, Director William Wesemann bought 100,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $1.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now owns 374,835 shares of the company’s stock, valued at $374,835. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director William Wesemann bought 100,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $1.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now owns 374,835 shares of the company’s stock, valued at $374,835. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alex Kroman sold 65,828 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 120,047 shares in the company, valued at approximately $61,223.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,662 shares of company stock valued at $40,411. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LivePerson

Several large investors have recently bought and sold shares of LPSN. Options Solutions LLC bought a new stake in LivePerson in the fourth quarter worth $38,000. Victory Capital Management Inc. bought a new stake in LivePerson in the fourth quarter worth $39,000. Nisa Investment Advisors LLC increased its position in LivePerson by 497.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock worth $40,000 after purchasing an additional 8,809 shares during the last quarter. Oak Thistle LLC bought a new stake in LivePerson in the fourth quarter worth $43,000. Finally, Tower Research Capital LLC TRC increased its position in LivePerson by 54.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock worth $57,000 after purchasing an additional 5,342 shares during the last quarter. Institutional investors own 79.83% of the company’s stock.

About LivePerson

(Get Free Report)

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.

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Analyst Recommendations for LivePerson (NASDAQ:LPSN)

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