FNY Investment Advisers LLC Invests $259,000 in LivePerson, Inc. (LPSN)

FNY Investment Advisers LLC bought a new stake in shares of LivePerson, Inc. (NASDAQ:LPSN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the technology company’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of LivePerson by 9.3% during the second quarter. BlackRock Inc. now owns 7,814,452 shares of the technology company’s stock valued at $164,886,000 after buying an additional 665,121 shares during the last quarter. FMR LLC grew its stake in shares of LivePerson by 306.5% during the second quarter. FMR LLC now owns 3,536,114 shares of the technology company’s stock valued at $74,612,000 after buying an additional 2,666,254 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of LivePerson during the second quarter valued at approximately $16,735,000. Northern Trust Corp grew its stake in LivePerson by 4.4% in the second quarter. Northern Trust Corp now owns 740,937 shares of the technology company’s stock worth $15,634,000 after purchasing an additional 31,211 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in LivePerson by 15.3% in the second quarter. Bank of New York Mellon Corp now owns 702,631 shares of the technology company’s stock worth $14,826,000 after purchasing an additional 93,049 shares in the last quarter. 79.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:LPSN opened at $22.10 on Wednesday. LivePerson, Inc. has a 52-week low of $10.80 and a 52-week high of $27.40.



LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The company had revenue of $61.66 million for the quarter, compared to analysts’ expectations of $59.46 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. LivePerson’s revenue was up 14.0% compared to the same quarter last year. On average, analysts anticipate that LivePerson, Inc. will post -0.08 EPS for the current year.

Several research analysts recently issued reports on the company. Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. BidaskClub cut LivePerson from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. B. Riley increased their price objective on LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Needham & Company LLC increased their price objective on LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Roth Capital increased their price objective on LivePerson to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $26.50.

In other LivePerson news, SVP Daryl Carlough sold 10,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the sale, the senior vice president now owns 23,154 shares of the company’s stock, valued at approximately $555,927.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert P. Locascio sold 2,567 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $26.55, for a total value of $68,153.85. Following the sale, the chief executive officer now directly owns 316,239 shares in the company, valued at approximately $8,396,145.45. The disclosure for this sale can be found here. In the last three months, insiders sold 15,256 shares of company stock worth $379,647. 11.50% of the stock is owned by insiders.

LivePerson Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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