Moody National Bank Trust Division Invests $302,000 in LivePerson, Inc. (NASDAQ:LPSN)

Moody National Bank Trust Division purchased a new position in LivePerson, Inc. (NASDAQ:LPSNGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,326 shares of the technology company’s stock, valued at approximately $302,000.

Several other institutional investors have also recently made changes to their positions in LPSN. Louisiana State Employees Retirement System boosted its holdings in shares of LivePerson by 2.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the technology company’s stock worth $799,000 after purchasing an additional 900 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in LivePerson in the fourth quarter worth approximately $2,855,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LivePerson by 61.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 128,417 shares of the technology company’s stock worth $3,136,000 after buying an additional 48,707 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in LivePerson by 325.2% in the fourth quarter. Point72 Asset Management L.P. now owns 499,062 shares of the technology company’s stock worth $17,826,000 after buying an additional 381,700 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in LivePerson by 3.1% in the first quarter. Maryland State Retirement & Pension System now owns 27,053 shares of the technology company’s stock worth $661,000 after buying an additional 817 shares in the last quarter. Institutional investors own 88.41% of the company’s stock.

LivePerson Price Performance

Shares of LivePerson stock opened at $10.99 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 6.09. The company has a market cap of $824.38 million, a PE ratio of -3.65 and a beta of 1.29. The business has a 50 day moving average of $12.99 and a 200 day moving average of $17.29. LivePerson, Inc. has a 52 week low of $10.27 and a 52 week high of $68.80.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI cut their target price on LivePerson to $16.00 in a research note on Monday, August 15th. Loop Capital lowered LivePerson from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Tuesday, August 9th. KeyCorp assumed coverage on LivePerson in a research note on Monday, September 12th. They issued an “overweight” rating and a $16.00 target price for the company. Mizuho cut their target price on LivePerson from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, August 9th. Finally, B. Riley lowered their price objective on LivePerson from $19.00 to $17.00 in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, LivePerson has an average rating of “Hold” and an average price target of $18.27.

About LivePerson

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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