LivePerson (NASDAQ:LPSN) Stock Rating Lowered by StockNews.com

LivePerson (NASDAQ:LPSN) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Other equities analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. Barclays upped their target price on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Finally, Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a report on Friday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.25.

LivePerson Trading Down 28.2 %

NASDAQ LPSN opened at $0.87 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 7.04. The firm has a 50-day moving average price of $1.14 and a 200 day moving average price of $0.96. LivePerson has a 52-week low of $0.45 and a 52-week high of $3.98. The stock has a market capitalization of $78.42 million, a P/E ratio of -0.57 and a beta of 1.78.

Insider Activity

In other news, EVP Monica L. Greenberg sold 34,441 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1.12, for a total value of $38,573.92. Following the completion of the sale, the executive vice president now owns 181,607 shares of the company’s stock, valued at approximately $203,399.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the transaction, the chief accounting officer now owns 378,707 shares in the company, valued at $431,725.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monica L. Greenberg sold 34,441 shares of LivePerson stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1.12, for a total value of $38,573.92. Following the sale, the executive vice president now directly owns 181,607 shares of the company’s stock, valued at approximately $203,399.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 225,237 shares of company stock worth $246,745. 9.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LivePerson

A number of hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in LivePerson in the third quarter valued at approximately $513,000. Point72 DIFC Ltd acquired a new stake in shares of LivePerson during the second quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LivePerson in the second quarter worth $57,000. AQR Capital Management LLC purchased a new stake in LivePerson during the 2nd quarter worth about $159,000. Finally, Squarepoint Ops LLC increased its position in shares of LivePerson by 25.8% in the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after purchasing an additional 93,693 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

LivePerson Company Profile

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.