LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 1,424 shares of the company’s stock in a transaction that occurred on Saturday, March 16th. The stock was sold at an average price of $28.82, for a total transaction of $41,039.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ LPSN opened at $28.12 on Friday. LivePerson, Inc. has a one year low of $15.85 and a one year high of $30.28.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, February 21st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). LivePerson had a negative return on equity of 5.56% and a negative net margin of 10.02%. The firm had revenue of $65.72 million during the quarter, compared to the consensus estimate of $64.91 million. On average, research analysts forecast that LivePerson, Inc. will post -0.48 earnings per share for the current year.
Several institutional investors have recently modified their holdings of LPSN. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of LivePerson by 26.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after purchasing an additional 1,029 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of LivePerson by 818.5% in the fourth quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after purchasing an additional 4,690 shares during the last quarter. Neuburgh Advisers LLC grew its holdings in shares of LivePerson by 159.3% in the fourth quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after purchasing an additional 5,258 shares during the last quarter. Virtu Financial LLC bought a new position in shares of LivePerson in the first quarter worth approximately $236,000. Finally, Flinton Capital Management LLC grew its holdings in shares of LivePerson by 159.3% in the fourth quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock worth $249,000 after purchasing an additional 8,126 shares during the last quarter. Hedge funds and other institutional investors own 80.51% of the company’s stock.
A number of research analysts have commented on the stock. Piper Jaffray Companies assumed coverage on shares of LivePerson in a research report on Monday, March 25th. They set an “overweight” rating and a $39.00 price target on the stock. BidaskClub cut shares of LivePerson from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Oppenheimer upgraded shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Thursday, January 24th. Zacks Investment Research cut shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Finally, Benchmark reiterated a “buy” rating and set a $34.00 price target (up from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.39.
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LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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