LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros Sells 30,000 Shares

LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros sold 30,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $0.90, for a total value of $27,000.00. Following the transaction, the director now directly owns 139,993 shares of the company’s stock, valued at approximately $125,993.70. This represents a 17.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

LivePerson Stock Performance

Shares of LPSN stock traded down $0.01 during trading on Tuesday, hitting $0.92. The company’s stock had a trading volume of 554,816 shares, compared to its average volume of 3,140,636. The company has a market cap of $84.28 million, a PE ratio of -0.60 and a beta of 1.51. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson, Inc. has a 52 week low of $0.45 and a 52 week high of $2.08. The business has a fifty day moving average of $1.18 and a 200-day moving average of $1.11.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The business had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $68.12 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same quarter in the previous year, the business earned ($0.06) EPS. As a group, research analysts anticipate that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LPSN. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $0.88.

Hedge Funds Weigh In On LivePerson

Several hedge funds have recently bought and sold shares of LPSN. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson during the fourth quarter worth about $25,000. Avantax Advisory Services Inc. lifted its stake in shares of LivePerson by 89.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock valued at $29,000 after acquiring an additional 9,000 shares during the last quarter. 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 buying an additional 16,385 shares during the period. Marshall Wace LLP purchased a new position in LivePerson during the 4th quarter valued at about $57,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of LivePerson in the 4th quarter worth about $66,000. Hedge funds and other 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.