Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) EVP Sells $33,572.28 in Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $0.51, for a total value of $33,572.28. Following the transaction, the executive vice president now owns 120,047 shares of the company’s stock, valued at $61,223.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

LivePerson Stock Performance

LPSN opened at $0.51 on Thursday. The business has a fifty day simple moving average of $1.22 and a 200 day simple moving average of $2.42. The company has a market capitalization of $44.54 million, a PE ratio of -0.40 and a beta of 1.49. LivePerson, Inc. has a 1 year low of $0.45 and a 1 year high of $6.41. The company has a debt-to-equity ratio of 10.63, a current ratio of 1.20 and a quick ratio of 1.20.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The firm had revenue of $95.47 million during the quarter, compared to the consensus estimate of $95.54 million. LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. Research analysts expect that LivePerson, Inc. will post -0.68 EPS for the current year.

Hedge Funds Weigh In On LivePerson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPSN. Options Solutions LLC acquired a new position in LivePerson in the 4th quarter valued at $38,000. Victory Capital Management Inc. acquired a new position in LivePerson in the 4th quarter worth about $39,000. Nisa Investment Advisors LLC increased its holdings in LivePerson by 497.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock worth $40,000 after purchasing an additional 8,809 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of LivePerson in the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC grew its position in shares of LivePerson by 54.6% in the 4th 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 during the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LPSN. Roth Capital downgraded LivePerson from a “buy” rating to a “neutral” rating in a research note on Thursday, February 29th. Barclays reduced their target price on LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a research note on Thursday, February 29th. StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a research note on Monday. B. Riley reduced their price target on LivePerson from $3.75 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Finally, Roth Mkm downgraded LivePerson from a “buy” rating to a “neutral” rating and reduced their price target for the company from $6.00 to $2.00 in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.58.

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.