LivePerson (LPSN) Sets New 52-Week High and Low at $17.15

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.

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The stock has a market cap of $983.13, a P/E ratio of -282.00 and a beta of 0.85.



LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $57.39 million for the quarter, compared to analysts’ expectations of $56.60 million. LivePerson had a negative net margin of 8.31% and a negative return on equity of 3.11%. equities research analysts predict that LivePerson will post -0.07 EPS for the current fiscal year.

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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About LivePerson

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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