LivePerson (NASDAQ:LPSN) Upgraded at StockNews.com

StockNews.com upgraded shares of LivePerson (NASDAQ:LPSN) from a sell rating to a hold rating in a research report report published on Saturday.

A number of other equities research analysts also recently weighed in on LPSN. Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Craig Hallum downgraded shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, LivePerson currently has a consensus rating of “Hold” and a consensus price target of $1.25.

LivePerson Trading Up 1.7 %

Shares of LPSN opened at $0.79 on Friday. The firm’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $0.98. The company has a market capitalization of $71.32 million, a P/E ratio of -0.52 and a beta of 1.78. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.36. LivePerson has a 1-year low of $0.45 and a 1-year high of $3.98.

Insider Activity at LivePerson

In related news, CFO John Deneen Collins sold 85,126 shares of LivePerson stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1.05, for a total value of $89,382.30. Following the sale, the chief financial officer now owns 287,604 shares in the company, valued at $301,984.20. The trade was a 22.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction on Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the sale, the chief accounting officer now owns 378,707 shares in the company, valued at approximately $431,725.98. This trade represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. 9.00% of the stock is currently owned by company insiders.

Institutional Trading of LivePerson

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in shares of LivePerson by 264.0% during the 1st quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company’s stock valued at $225,000 after buying an additional 163,978 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 523,694 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of LivePerson in the 1st quarter worth about $143,000. Quadrature Capital Ltd raised its position in shares of 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 purchasing an additional 193,335 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of LivePerson by 94.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after purchasing an additional 60,874 shares during the last quarter. Institutional investors own 79.83% of the company’s stock.

About LivePerson

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.