LivePerson (NASDAQ:LPSN) Rating Increased to Hold at StockNews.com

LivePerson (NASDAQ:LPSN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other research firms have also commented on LPSN. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research report on Thursday. Barclays raised their target price on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research report on Thursday. Loop Capital decreased their target price on LivePerson from $3.00 to $1.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Craig Hallum raised their target price on LivePerson from $1.25 to $1.40 and gave the company a “buy” rating in a research report on Thursday. Finally, Mizuho decreased their target price on LivePerson from $2.00 to $0.50 and set a “neutral” rating for the company in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1.32.

LivePerson Stock Up 7.5 %

Shares of LPSN traded up $0.08 during trading hours on Monday, reaching $1.15. The stock had a trading volume of 4,006,374 shares, compared to its average volume of 3,205,313. LivePerson has a 12 month low of $0.45 and a 12 month high of $5.98. The firm has a 50-day simple moving average of $0.80 and a 200 day simple moving average of $1.20. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 7.04. The company has a market capitalization of $101.90 million, a price-to-earnings ratio of -0.80 and a beta of 1.73.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $85.15 million during the quarter, compared to analyst estimates of $80.53 million. LivePerson had a negative return on equity of 101.10% and a negative net margin of 24.23%. Equities research analysts predict that LivePerson will post -0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LivePerson news, EVP Alex Kroman sold 120,047 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $0.64, for a total value of $76,830.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Alex Kroman sold 120,047 shares of LivePerson stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $0.64, for a total transaction of $76,830.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Deneen Collins 23,680 shares of LivePerson stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. 9.00% of the stock is owned by corporate insiders.

Institutional Trading of LivePerson

A number of hedge funds have recently bought and sold shares of LPSN. Options Solutions LLC purchased a new position in LivePerson in the 4th quarter worth approximately $38,000. Victory Capital Management Inc. purchased a new position in LivePerson in the 4th quarter worth approximately $39,000. Nisa Investment Advisors LLC increased its stake in LivePerson by 497.4% in the 4th 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 period. Tower Research Capital LLC TRC increased its stake in LivePerson by 54.6% in the 4th 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 period. Finally, Retirement Planning Co of New England Inc. increased its stake in LivePerson by 45.0% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock worth $66,000 after purchasing an additional 20,627 shares during the period. Institutional investors own 79.83% of the company’s stock.

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.