Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) Director Sells $27,000.00 in Stock

LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros sold 30,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the transaction, the director now directly owns 139,993 shares of the company’s stock, valued at $125,993.70. The trade was a 17.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

LivePerson Stock Performance

Shares of LPSN stock opened at $0.83 on Friday. LivePerson, Inc. has a 52 week low of $0.45 and a 52 week high of $2.08. The firm has a 50 day moving average of $1.16 and a two-hundred day moving average of $1.11. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of $75.58 million, a PE ratio of -0.54 and a beta of 1.51.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The company had revenue of $73.21 million for the quarter, compared to analyst estimates of $68.12 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same period in the previous year, the firm earned ($0.06) earnings per share. On average, research analysts predict that LivePerson, Inc. will post -0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on LPSN. StockNews.com cut LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating and four have assigned 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 $0.88.

Institutional Trading of LivePerson

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in LivePerson in the fourth quarter worth approximately $25,000. Avantax Advisory Services Inc. lifted its position in shares of LivePerson by 89.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after purchasing an additional 9,000 shares during the last quarter. Wolverine Trading LLC grew its stake in shares of LivePerson by 104.1% during 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 in the last quarter. Marshall Wace LLP acquired a new stake in LivePerson in the fourth quarter valued at $57,000. Finally, Raymond James Financial Inc. purchased a new stake in LivePerson during the 4th quarter worth about $66,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

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.