State of New Jersey Common Pension Fund D Raises Stock Position in LivePerson, Inc. (NASDAQ:LPSN)

State of New Jersey Common Pension Fund D grew its holdings in LivePerson, Inc. (NASDAQ:LPSNGet Rating) by 55.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,235 shares of the technology company’s stock after acquiring an additional 36,947 shares during the period. State of New Jersey Common Pension Fund D owned about 0.14% of LivePerson worth $2,521,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LPSN. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of LivePerson by 2,107.8% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,154,256 shares of the technology company’s stock valued at $41,230,000 after acquiring an additional 1,101,974 shares during the period. Nikko Asset Management Americas Inc. raised its stake in shares of LivePerson by 1,089.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,154,256 shares of the technology company’s stock valued at $41,369,000 after acquiring an additional 1,057,229 shares during the period. Point72 Asset Management L.P. raised its stake in shares of LivePerson by 325.2% in the 4th quarter. Point72 Asset Management L.P. now owns 499,062 shares of the technology company’s stock valued at $17,826,000 after acquiring an additional 381,700 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of LivePerson by 40.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 671,865 shares of the technology company’s stock valued at $16,407,000 after acquiring an additional 193,725 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of LivePerson by 148.9% in the 4th quarter. Renaissance Technologies LLC now owns 300,700 shares of the technology company’s stock valued at $10,741,000 after acquiring an additional 179,900 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LPSN. Mizuho dropped their price target on shares of LivePerson from $20.00 to $18.00 in a research note on Tuesday, May 10th. Roth Capital raised shares of LivePerson from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, May 10th. B. Riley dropped their price target on shares of LivePerson from $23.00 to $19.00 in a research note on Tuesday, May 10th. Loop Capital lifted their price target on shares of LivePerson from $23.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. Finally, Jefferies Financial Group dropped their price target on shares of LivePerson from $18.00 to $15.00 and set a “maintains” rating on the stock in a research note on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.55.

LivePerson Trading Up 0.1 %

LivePerson stock opened at $13.65 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $20.81. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -5.83 and a beta of 1.26. LivePerson, Inc. has a 52-week low of $11.72 and a 52-week high of $68.82.

LivePerson (NASDAQ:LPSNGet Rating) last released its quarterly earnings results on Monday, May 9th. The technology company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.05). LivePerson had a negative return on equity of 59.54% and a negative net margin of 34.38%. The company had revenue of $130.20 million for the quarter, compared to the consensus estimate of $125.51 million. Sell-side analysts expect that LivePerson, Inc. will post -1.97 earnings per share for the current year.

LivePerson Company Profile

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LivePerson, Inc, together with its subsidiaries, provides conversational commerce software and Gainshare solutions. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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