LivePerson, Inc. (NASDAQ:LPSN) Director Sells $72,202.40 in Stock

LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen sold 84,944 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

LivePerson Trading Down 4.1 %

NASDAQ LPSN traded down $0.03 during trading on Friday, reaching $0.80. 1,999,470 shares of the stock traded hands, compared to its average volume of 2,820,766. The stock’s 50-day moving average price is $1.03 and its 200 day moving average price is $1.00. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a market cap of $72.01 million, a price-to-earnings ratio of -0.52 and a beta of 1.73. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $3.98.

Analysts Set New Price Targets

Several brokerages recently issued reports on LPSN. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1.25.

Hedge Funds Weigh In On LivePerson

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in LivePerson by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after buying an additional 523,694 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of LivePerson by 94.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after acquiring an additional 60,874 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of LivePerson by 3.0% during the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after acquiring an additional 12,273 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in LivePerson in the 2nd quarter valued at $57,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after purchasing an additional 93,693 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.