LivePerson (NASDAQ:LPSN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday, February 17th.
Several other analysts have also recently commented on LPSN. Zacks Investment Research cut shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a research note on Wednesday, November 1st. Oppenheimer reaffirmed a “hold” rating on shares of LivePerson in a research note on Friday, January 26th. Finally, B. Riley began coverage on shares of LivePerson in a research note on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. LivePerson has an average rating of “Buy” and a consensus price target of $15.98.
LivePerson (NASDAQ LPSN) traded down $0.10 on Friday, hitting $15.45. 587,055 shares of the stock traded hands, compared to its average volume of 427,581. LivePerson has a twelve month low of $6.47 and a twelve month high of $16.00. The company has a market capitalization of $937.51, a PE ratio of -49.84 and a beta of 0.93.
In other LivePerson news, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total value of $31,819.55. Following the sale, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Daryl Carlough sold 4,754 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $15.56, for a total transaction of $73,972.24. Following the completion of the sale, the senior vice president now owns 10,510 shares in the company, valued at $163,535.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,286 shares of company stock worth $344,652. Insiders own 11.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of LPSN. Piedmont Investment Advisors LLC acquired a new stake in LivePerson in the second quarter worth $128,000. BlueCrest Capital Management Ltd acquired a new stake in LivePerson in the second quarter worth $131,000. Ellington Management Group LLC acquired a new stake in LivePerson in the fourth quarter worth $146,000. Miles Capital Inc. acquired a new stake in LivePerson in the fourth quarter worth $169,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in LivePerson in the third quarter worth $177,000. Institutional investors own 78.60% of the company’s stock.
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LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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