Miles Capital Inc. trimmed its position in LivePerson, Inc. (NASDAQ:LPSN) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,276 shares of the technology company’s stock after selling 392 shares during the quarter. Miles Capital Inc.’s holdings in LivePerson were worth $443,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of LivePerson by 26.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after purchasing an additional 1,029 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of LivePerson by 818.5% during the 4th quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after purchasing an additional 4,690 shares in the last quarter. Neuburgh Advisers LLC grew its holdings in shares of LivePerson by 159.3% during the 4th quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after purchasing an additional 5,258 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of LivePerson during the 1st quarter worth $236,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of LivePerson during the 1st quarter worth $242,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
LivePerson stock traded down $0.58 during trading hours on Thursday, hitting $28.86. The stock had a trading volume of 2,075 shares, compared to its average volume of 704,950. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.87 billion, a PE ratio of -125.39 and a beta of 1.15. LivePerson, Inc. has a one year low of $16.98 and a one year high of $30.91.
Several brokerages recently weighed in on LPSN. Needham & Company LLC restated a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of LivePerson in a research report on Friday, May 3rd. Zacks Investment Research upgraded LivePerson from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Benchmark restated a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. Jefferies Financial Group began coverage on LivePerson in a research report on Monday, April 1st. They set a “buy” rating and a $36.00 price objective for the company. Finally, BidaskClub upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. LivePerson has a consensus rating of “Buy” and an average target price of $31.43.
In other LivePerson news, CFO Christopher E. Greiner sold 5,033 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $29.66, for a total value of $149,278.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alexander Spinelli sold 15,080 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.30, for a total value of $411,684.00. The disclosure for this sale can be found here. Insiders sold 25,563 shares of company stock valued at $717,974 over the last quarter. Corporate insiders own 11.50% of the company’s stock.
LivePerson Company Profile
LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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