BlackRock Inc. Has $479.53 Million Position in LivePerson, Inc. (NASDAQ:LPSN)

BlackRock Inc. lowered its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,223,495 shares of the technology company’s stock after selling 169,884 shares during the quarter. BlackRock Inc. owned 13.94% of LivePerson worth $479,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Freestone Capital Holdings LLC acquired a new stake in shares of LivePerson during the third quarter worth about $31,000. Nisa Investment Advisors LLC acquired a new stake in shares of LivePerson during the third quarter worth about $78,000. Harvest Fund Management Co. Ltd raised its position in shares of LivePerson by 207.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,982 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,337 shares during the period. NEXT Financial Group Inc acquired a new stake in shares of LivePerson during the third quarter worth about $118,000. Finally, PNC Financial Services Group Inc. raised its position in shares of LivePerson by 32.6% during the second quarter. PNC Financial Services Group Inc. now owns 2,927 shares of the technology company’s stock worth $121,000 after purchasing an additional 719 shares during the period. 96.19% of the stock is currently owned by institutional investors.

Shares of LivePerson stock opened at $55.75 on Friday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -29.97 and a beta of 1.46. The company has a quick ratio of 1.53, a current ratio of 1.38 and a debt-to-equity ratio of 1.51. LivePerson, Inc. has a 12-month low of $14.08 and a 12-month high of $63.90. The firm’s 50-day moving average price is $56.22 and its two-hundred day moving average price is $47.41.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, October 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.14. LivePerson had a negative net margin of 35.41% and a negative return on equity of 60.48%. The firm had revenue of $94.80 million for the quarter, compared to the consensus estimate of $92.67 million. During the same period in the prior year, the company posted ($0.17) earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, sell-side analysts expect that LivePerson, Inc. will post -1.09 earnings per share for the current year.

In other news, CFO John Deneen Collins sold 504 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $53.47, for a total value of $26,948.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William Wesemann sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $52.81, for a total transaction of $132,025.00. Following the completion of the sale, the director now owns 150,000 shares in the company, valued at $7,921,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,161 shares of company stock worth $446,956. 10.70% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on LPSN. Barclays raised their price target on LivePerson from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Needham & Company LLC lifted their target price on LivePerson from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Roth Capital lifted their target price on LivePerson from $53.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Craig Hallum raised their price target on LivePerson from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Finally, ValuEngine upgraded LivePerson from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $59.43.

LivePerson Company Profile

LivePerson, Inc engages in the provision of mobile and online messaging solutions. It operates through the following segments: Business, Consumer, and Corporate. The Business segment enables brands to leverage 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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