GSA Capital Partners LLP Acquires Shares of 400,975 LivePerson, Inc. (NASDAQ:LPSN)

GSA Capital Partners LLP bought a new stake in shares of LivePerson, Inc. (NASDAQ:LPSN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 400,975 shares of the technology company’s stock, valued at approximately $513,000.

Several other institutional investors also recently made changes to their positions in LPSN. Archon Capital Management LLC bought a new position in shares of LivePerson during the first quarter valued at approximately $5,313,000. Vanguard Group Inc. grew its holdings in LivePerson by 6.4% in 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 in the last quarter. AQR Capital Management LLC bought a new position in LivePerson in the 2nd quarter worth approximately $159,000. Quadrature Capital Ltd grew its holdings in LivePerson by 1,633.2% in the 1st quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock worth $203,000 after buying an additional 193,335 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in LivePerson by 264.0% in the 1st quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company’s stock worth $225,000 after buying an additional 163,978 shares in the last quarter. 79.83% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares in the company, valued at $431,725.98. This represents a 5.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Deneen Collins sold 85,126 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1.05, for a total transaction of $89,382.30. Following the completion of the transaction, the chief financial officer now directly owns 287,604 shares in the company, valued at $301,984.20. This trade represents a 22.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

LivePerson Price Performance

Shares of NASDAQ:LPSN opened at $0.84 on Wednesday. LivePerson, Inc. has a one year low of $0.45 and a one year high of $3.98. The stock has a fifty day moving average of $1.10 and a 200-day moving average of $0.98. The company has a market capitalization of $75.75 million, a PE ratio of -0.55 and a beta of 1.78. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LPSN. Barclays increased their price objective on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1.25.

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.