Short Interest in LivePerson, Inc. (NASDAQ:LPSN) Grows By 29.2%

LivePerson, Inc. (NASDAQ:LPSN) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 11,740,000 shares, a growth of 29.2% from the January 31st total of 9,090,000 shares. Based on an average trading volume of 3,780,000 shares, the days-to-cover ratio is presently 3.1 days.

Insider Activity at LivePerson

In other LivePerson news, Director Bruce Edward Hansen sold 84,944 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LPSN. GSA Capital Partners LLP purchased a new position in LivePerson during the third quarter valued at $513,000. Charles Schwab Investment Management Inc. raised its stake in LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after buying an additional 15,032 shares during the last quarter. Wolverine Trading LLC raised its stake in LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after buying an additional 16,385 shares during the last quarter. XTX Topco Ltd raised its stake in LivePerson by 1,162.0% during the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after buying an additional 194,069 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in LivePerson during the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a research report on Friday, November 8th. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $0.88.

LivePerson Stock Up 1.0 %

Shares of LPSN traded up $0.01 on Tuesday, reaching $1.05. The stock had a trading volume of 1,856,580 shares, compared to its average volume of 3,329,628. The firm has a market capitalization of $94.77 million, a price-to-earnings ratio of -0.69 and a beta of 1.59. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.15. LivePerson has a 12-month low of $0.45 and a 12-month high of $2.08.

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.