Short Interest in LivePerson, Inc. (NASDAQ:LPSN) Declines By 25.1%

LivePerson, Inc. (NASDAQ:LPSN) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 7,210,000 shares, a drop of 25.1% from the October 31st total of 9,630,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is currently 3.7 days.

Insider Activity at LivePerson

In other LivePerson news, CFO John Deneen Collins sold 85,126 shares of LivePerson stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1.05, for a total transaction of $89,382.30. Following the transaction, the chief financial officer now directly owns 287,604 shares of the company’s stock, valued at $301,984.20. The trade was a 22.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the transaction, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at $431,725.98. The trade was a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,061 shares of company stock worth $224,888. 9.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On LivePerson

Several large investors have recently bought and sold shares of LPSN. Vanguard Group Inc. boosted its position in shares of LivePerson by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after purchasing an additional 523,694 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of LivePerson in the third quarter valued at approximately $513,000. AQR Capital Management LLC acquired a new position in shares of LivePerson in the 2nd quarter valued at $159,000. XTX Topco Ltd increased its stake in LivePerson by 1,162.0% in the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after purchasing an additional 194,069 shares during the period. Finally, Quadrature Capital Ltd lifted its position in LivePerson by 1,633.2% during the 1st quarter. Quadrature Capital Ltd now owns 205,173 shares of the technology company’s stock worth $203,000 after acquiring an additional 193,335 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research note on Friday, November 8th. Finally, Barclays boosted their price target on shares of LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, LivePerson currently has an average rating of “Hold” and a consensus target price of $1.25.

LivePerson Trading Up 3.7 %

Shares of LivePerson stock traded up $0.04 during trading hours on Friday, hitting $0.98. The company had a trading volume of 748,368 shares, compared to its average volume of 2,884,501. The company’s 50-day moving average is $1.08 and its two-hundred day moving average is $0.99. LivePerson has a twelve month low of $0.45 and a twelve month high of $3.98. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24.

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.