Shares of LivePerson (NASDAQ:LPSN) reached a new 52-week high and low on Monday . The company traded as low as $17.15 and last traded at $16.65, with a volume of 198065 shares. The stock had previously closed at $16.35.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Friday. ValuEngine raised shares of LivePerson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. B. Riley upped their price objective on shares of LivePerson to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of LivePerson in a research report on Friday, March 16th. Finally, Zacks Investment Research lowered shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.54.
The stock has a market cap of $983.13, a P/E ratio of -282.00 and a beta of 0.85.
In other news, CEO Robert P. Locascio sold 2,465 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $15.30, for a total transaction of $37,714.50. Following the transaction, the chief executive officer now owns 321,191 shares in the company, valued at $4,914,222.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel Richard Murphy sold 12,092 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $15.34, for a total transaction of $185,491.28. Following the transaction, the chief financial officer now owns 70,093 shares in the company, valued at approximately $1,075,226.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,925 shares of company stock valued at $2,403,794. Insiders own 11.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ellington Management Group LLC acquired a new position in shares of LivePerson during the fourth quarter valued at about $146,000. Miles Capital Inc. acquired a new position in shares of LivePerson during the fourth quarter valued at about $169,000. Public Employees Retirement System of Ohio acquired a new position in shares of LivePerson during the third quarter valued at about $177,000. Teacher Retirement System of Texas acquired a new position in shares of LivePerson during the fourth quarter valued at about $198,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of LivePerson during the third quarter valued at about $254,000. Hedge funds and other institutional investors own 74.89% of the company’s stock.
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LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
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