NEXT Financial Group Inc Makes New Investment in LivePerson, Inc. (NASDAQ:LPSN)

NEXT Financial Group Inc purchased a new position in LivePerson, Inc. (NASDAQ:LPSN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 5,587 shares of the technology company’s stock, valued at approximately $199,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in LivePerson by 269.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,048 shares of the technology company’s stock worth $29,000 after buying an additional 764 shares in the last quarter. US Bancorp DE grew its stake in LivePerson by 111.2% in the 2nd quarter. US Bancorp DE now owns 2,203 shares of the technology company’s stock worth $62,000 after buying an additional 1,160 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in LivePerson in the 2nd quarter worth approximately $101,000. V Wealth Advisors LLC purchased a new position in LivePerson in the 2nd quarter worth approximately $213,000. Finally, Ardsley Advisory Partners LP purchased a new position in LivePerson in the 2nd quarter worth approximately $224,000. 87.79% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on LPSN shares. Oppenheimer upped their price objective on shares of LivePerson from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Craig Hallum upped their price objective on shares of LivePerson from $34.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp upped their price objective on shares of LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Northland Securities set a $45.00 price objective on shares of LivePerson and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Zacks Investment Research raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.04.

Shares of LivePerson stock opened at $39.52 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.06. The company has a fifty day moving average of $37.49 and a 200-day moving average of $32.68. LivePerson, Inc. has a 52-week low of $16.98 and a 52-week high of $41.00.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.11). The firm had revenue of $71.00 million for the quarter, compared to analysts’ expectations of $70.16 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. Analysts predict that LivePerson, Inc. will post -0.72 earnings per share for the current fiscal year.

In other LivePerson news, EVP Monica L. Greenberg sold 2,284 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total transaction of $84,941.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin Lavan sold 15,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.40, for a total transaction of $486,000.00. Following the sale, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $680,400. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

About LivePerson

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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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