LivePerson, Inc. (NASDAQ:LPSN) EVP Sells $33,572.28 in Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $0.51, for a total value of $33,572.28. Following the completion of the transaction, the executive vice president now directly owns 120,047 shares in the company, valued at approximately $61,223.97. The sale was disclosed in a document filed with the SEC, which is available at this link.

LivePerson Trading Up 6.9 %

NASDAQ:LPSN opened at $0.50 on Wednesday. The company has a debt-to-equity ratio of 10.63, a current ratio of 1.20 and a quick ratio of 1.20. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $6.41. The stock’s 50-day moving average is $1.26 and its two-hundred day moving average is $2.43. The stock has a market cap of $43.62 million, a PE ratio of -0.39 and a beta of 1.50.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. The business had revenue of $95.47 million for the quarter, compared to analysts’ expectations of $95.54 million. As a group, equities research analysts forecast that LivePerson, Inc. will post -0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LPSN. Barclays dropped their price target on LivePerson from $3.50 to $1.50 and set an “underweight” rating on the stock in a research note on Thursday, February 29th. Roth Capital cut LivePerson from a “buy” rating to a “neutral” rating in a research note on Thursday, February 29th. StockNews.com cut LivePerson from a “hold” rating to a “sell” rating in a research note on Monday. Roth Mkm cut LivePerson from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $6.00 to $2.00 in a research note on Thursday, February 29th. Finally, B. Riley lowered their target price on LivePerson from $3.75 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.58.

Institutional Investors Weigh In On LivePerson

Institutional investors have recently made changes to their positions in the company. Options Solutions LLC acquired a new stake in shares of LivePerson during the 4th quarter valued at about $38,000. Victory Capital Management Inc. acquired a new stake in shares of LivePerson during the 4th quarter valued at about $39,000. Nisa Investment Advisors LLC lifted its holdings in shares of LivePerson by 497.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock valued at $40,000 after buying an additional 8,809 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of LivePerson during the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of LivePerson by 54.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after buying an additional 5,342 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.