LivePerson, Inc. (NASDAQ:LPSN) Short Interest Down 21.6% in February

LivePerson, Inc. (NASDAQ:LPSN) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 9,200,000 shares, a decline of 21.6% from the February 13th total of 11,740,000 shares. Based on an average trading volume of 3,770,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 11.2% of the shares of the stock are sold short.

LivePerson Trading Up 10.2 %

NASDAQ LPSN traded up $0.10 during trading hours on Monday, hitting $1.08. The company’s stock had a trading volume of 944,077 shares, compared to its average volume of 3,165,183. The stock has a fifty day moving average of $1.24 and a 200 day moving average of $1.12. LivePerson has a twelve month low of $0.45 and a twelve month high of $2.08. The firm has a market capitalization of $97.48 million, a P/E ratio of -0.71 and a beta of 1.51. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.23). LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. The business had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Equities research analysts forecast that LivePerson will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LivePerson

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after purchasing an additional 15,032 shares during the period. Assenagon Asset Management S.A. acquired a new stake in LivePerson in the fourth quarter worth $68,000. Wolverine Trading LLC raised its holdings in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after purchasing an additional 16,385 shares during the period. GSA Capital Partners LLP acquired a new stake in LivePerson in the third quarter worth $513,000. Finally, XTX Topco Ltd raised its holdings in LivePerson by 1,162.0% in the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after purchasing an additional 194,069 shares during the period. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $0.88.

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.