Brokerages Set LivePerson, Inc. (NASDAQ:LPSN) PT at $1.25

LivePerson, Inc. (NASDAQ:LPSN) has been given a consensus rating of “Reduce” by the eight ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $1.25.

Several research firms recently commented on LPSN. Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a research report on Friday, November 8th. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th.

Insider Buying and Selling

In related news, CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the transaction, the chief accounting officer now directly owns 378,707 shares in the company, valued at approximately $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce Edward Hansen sold 84,944 shares of LivePerson stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $0.85, for a total value of $72,202.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 236,879 shares of company stock worth $207,708. 9.00% of the stock is owned by insiders.

Hedge Funds Weigh In On LivePerson

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in shares of LivePerson in the 2nd quarter valued at $32,000. Wolverine Trading LLC boosted its holdings in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after acquiring an additional 16,385 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in LivePerson during the second quarter worth about $57,000. AQR Capital Management LLC purchased a new position in shares of LivePerson in the 2nd quarter worth about $159,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of LivePerson by 3.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after purchasing an additional 12,273 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

LivePerson Trading Up 7.4 %

Shares of LivePerson stock opened at $0.96 on Wednesday. The company has a 50-day moving average of $0.96 and a two-hundred day moving average of $1.02. LivePerson has a 12-month low of $0.45 and a 12-month high of $3.98. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The stock has a market cap of $86.39 million, a PE ratio of -0.63 and a beta of 1.73.

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.