LivePerson (NASDAQ:LPSN) Price Target Cut to $1.00

LivePerson (NASDAQ:LPSN) had its price target dropped by equities researchers at Loop Capital from $3.00 to $1.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Loop Capital’s price target indicates a potential upside of 97.82% from the company’s current price.

A number of other research firms have also recently weighed in on LPSN. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Monday. B. Riley dropped their price target on shares of LivePerson from $3.75 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Roth Mkm cut shares of LivePerson from a “buy” rating to a “neutral” rating and dropped their price target for the company from $6.00 to $2.00 in a research note on Thursday, February 29th. Roth Capital cut shares of LivePerson from a “buy” rating to a “neutral” rating in a research note on Thursday, February 29th. Finally, Barclays lowered their target price on shares of LivePerson from $3.50 to $1.50 and set an “underweight” rating on the stock in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, LivePerson presently has a consensus rating of “Hold” and a consensus target price of $2.58.

LivePerson Trading Up 2.1 %

Shares of LPSN stock opened at $0.51 on Tuesday. LivePerson has a 52-week low of $0.45 and a 52-week high of $6.41. The company has a debt-to-equity ratio of 10.63, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50-day simple moving average of $1.22 and a two-hundred day simple moving average of $2.42. The company has a market capitalization of $44.54 million, a price-to-earnings ratio of -0.40 and a beta of 1.49.

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

Insider Transactions at LivePerson

In other LivePerson news, Director William Wesemann bought 100,000 shares of LivePerson stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $1.00 per share, with a total value of $100,000.00. Following the acquisition, the director now owns 374,835 shares in the company, valued at $374,835. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LivePerson news, Director William Wesemann bought 100,000 shares of LivePerson stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $1.00 per share, with a total value of $100,000.00. Following the acquisition, the director now owns 374,835 shares in the company, valued at $374,835. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alex Kroman sold 65,828 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $0.51, for a total transaction of $33,572.28. Following the transaction, the executive vice president now directly owns 120,047 shares in the company, valued at approximately $61,223.97. The disclosure for this sale can be found here. Insiders have sold 73,662 shares of company stock valued at $40,411 in the last quarter. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On LivePerson

A number of large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its holdings in LivePerson by 131.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 406,123 shares of the technology company’s stock worth $405,000 after acquiring an additional 230,564 shares during the last quarter. Options Solutions LLC purchased a new position in LivePerson during the 4th quarter valued at about $38,000. Palogic Value Management L.P. lifted its position in LivePerson by 119.5% during the 4th quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock valued at $3,246,000 after acquiring an additional 466,320 shares during the period. Tower Research Capital LLC TRC lifted its position in LivePerson by 54.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after acquiring an additional 5,342 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in LivePerson by 80.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 377,719 shares of the technology company’s stock valued at $1,432,000 after acquiring an additional 168,370 shares during the period. 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.