LivePerson, Inc. (NASDAQ:LPSN) Receives Average Recommendation of “Reduce” from Brokerages

Shares of LivePerson, Inc. (NASDAQ:LPSN) have received a consensus rating of “Reduce” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $1.25.

A number of equities analysts recently issued reports on LPSN shares. Craig Hallum cut LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a report on Friday, November 8th. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th.

LivePerson Stock Down 3.6 %

Shares of LPSN stock opened at $1.33 on Friday. LivePerson has a 1 year low of $0.45 and a 1 year high of $3.29. The stock has a market cap of $120.05 million, a PE ratio of -0.87 and a beta of 1.59. The business’s fifty day moving average is $1.04 and its 200-day moving average is $1.11. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27.

Insider Activity at LivePerson

In related news, CFO John Deneen Collins sold 130,000 shares of LivePerson stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $0.85, for a total transaction of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at approximately $847,963.40. This trade represents a 11.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce Edward Hansen sold 84,944 shares of the firm’s 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 sold 249,783 shares of company stock valued at $228,097. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Several institutional investors have recently bought and sold shares of LPSN. Point72 DIFC Ltd bought a new position in LivePerson during the second quarter valued at about $32,000. Wolverine Trading LLC increased its stake in shares of LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after purchasing an additional 16,385 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of LivePerson in the second quarter worth about $57,000. Assenagon Asset Management S.A. bought a new position in shares of LivePerson in the fourth quarter worth about $68,000. Finally, AQR Capital Management LLC bought a new position in shares of LivePerson in the second quarter worth about $159,000. 79.83% of the stock is currently owned by institutional investors.

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.