LivePerson (NASDAQ:LPSN) Price Target Raised to $1.00 at Barclays

LivePerson (NASDAQ:LPSN) had its target price hoisted by Barclays from $0.75 to $1.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an underweight rating on the technology company’s stock.

LPSN has been the topic of several other reports. Mizuho cut 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. Loop Capital dropped their target price 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. Craig Hallum increased their target price on shares of LivePerson from $1.00 to $1.25 and gave the stock a buy rating in a report on Wednesday, May 15th. StockNews.com cut shares of LivePerson from a hold rating to a sell rating in a report on Friday, May 17th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of LivePerson in a report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $1.32.

LivePerson Stock Down 6.1 %

LPSN traded down $0.07 during trading on Thursday, hitting $1.07. The company had a trading volume of 3,021,386 shares, compared to its average volume of 3,199,812. The company has a market cap of $94.81 million, a PE ratio of -0.71 and a beta of 1.73. The business has a 50-day moving average of $0.79 and a 200-day moving average of $1.25. The company has a debt-to-equity ratio of 26.69, a current ratio of 1.20 and a quick ratio of 1.20. LivePerson has a 1-year low of $0.45 and a 1-year high of $5.98.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. The firm had revenue of $85.15 million for the quarter, compared to analysts’ expectations of $80.53 million. LivePerson had a negative net margin of 24.23% and a negative return on equity of 120.76%. As a group, analysts forecast that LivePerson will post -0.54 earnings per share for the current year.

Insider Activity at LivePerson

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

Hedge Funds Weigh In On LivePerson

Several large investors have recently made changes to their positions in LPSN. Options Solutions LLC purchased a new stake in LivePerson during the fourth quarter valued at about $38,000. Victory Capital Management Inc. purchased a new stake in LivePerson during the fourth quarter valued at about $39,000. Nisa Investment Advisors LLC lifted its stake in LivePerson by 497.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock valued at $40,000 after buying an additional 8,809 shares in the last quarter. Oak Thistle LLC purchased a new stake in LivePerson during the fourth quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC lifted its stake in LivePerson by 54.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after buying an additional 5,342 shares in the last quarter. Institutional investors own 79.83% of the company’s stock.

LivePerson Company Profile

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.