Roth Mkm Lowers LivePerson (NASDAQ:LPSN) to Neutral

Roth Mkm cut shares of LivePerson (NASDAQ:LPSN – Get Rating) from a buy rating to a neutral rating in a report published on Thursday, Marketbeat.com reports. The brokerage currently has $6.00 price objective on the technology company’s stock, down from their previous price objective of $25.00.

LPSN has been the subject of a number of other research reports. Mizuho lowered their price target on LivePerson from $14.00 to $12.00 in a research report on Wednesday, November 16th. Loop Capital lowered their price target on LivePerson from $12.00 to $8.00 in a research report on Thursday. StockNews.com raised LivePerson from a sell rating to a hold rating in a research report on Wednesday. Craig Hallum raised LivePerson from a hold rating to a buy rating and upped their price target for the company from $13.00 to $15.00 in a research report on Friday, March 3rd. Finally, Barclays reduced their target price on LivePerson from $11.00 to $4.00 and set an underweight rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $10.27.

LivePerson Stock Performance

LPSN opened at $4.21 on Thursday. The business has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $11.17. The company has a quick ratio of 2.22, a current ratio of 2.10 and a debt-to-equity ratio of 10.83. LivePerson has a one year low of $3.81 and a one year high of $26.66.

Institutional Trading of LivePerson

Several hedge funds and other institutional investors have recently made changes to their positions in LPSN. PNC Financial Services Group Inc. grew its stake in shares of LivePerson by 36.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,236 shares of the technology company’s stock worth $103,000 after buying an additional 1,141 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of LivePerson in the 1st quarter worth approximately $1,018,000. MetLife Investment Management LLC grew its stake in shares of LivePerson by 58.4% in the 1st quarter. MetLife Investment Management LLC now owns 35,288 shares of the technology company’s stock worth $862,000 after buying an additional 13,016 shares during the last quarter. Rhumbline Advisers grew its stake in shares of LivePerson by 7.8% in the 1st quarter. Rhumbline Advisers now owns 166,716 shares of the technology company’s stock worth $4,071,000 after buying an additional 12,032 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of LivePerson by 16.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,160 shares of the technology company’s stock worth $1,420,000 after buying an additional 8,421 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

About LivePerson

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence (AI). Conversational AI allows humans and machines to interact using natural language, including speech or text. The company operates through the Business and Consumer segments.