State Board of Administration of Florida Retirement System Grows Stock Position in LivePerson, Inc. (NASDAQ:LPSN)

State Board of Administration of Florida Retirement System lifted its stake in LivePerson, Inc. (NASDAQ:LPSNGet Rating) by 3.7% in the second quarter, HoldingsChannel reports. The firm owned 27,435 shares of the technology company’s stock after acquiring an additional 970 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in LivePerson were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in LivePerson by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 7,257,312 shares of the technology company’s stock worth $177,223,000 after buying an additional 273,095 shares during the last quarter. Starboard Value LP purchased a new stake in LivePerson during the 1st quarter worth about $156,410,000. Cooper Creek Partners Management LLC purchased a new stake in LivePerson during the 1st quarter worth about $20,845,000. Portolan Capital Management LLC lifted its holdings in LivePerson by 164.2% during the 1st quarter. Portolan Capital Management LLC now owns 561,227 shares of the technology company’s stock worth $13,705,000 after buying an additional 348,824 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in LivePerson by 643.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 527,333 shares of the technology company’s stock worth $12,877,000 after buying an additional 456,433 shares during the last quarter. 88.41% of the stock is owned by hedge funds and other institutional investors.

LivePerson Stock Performance

Shares of LPSN stock opened at $10.64 on Monday. The stock has a market capitalization of $801.49 million, a PE ratio of -3.43 and a beta of 1.34. LivePerson, Inc. has a 52-week low of $7.96 and a 52-week high of $44.77. The stock’s 50-day moving average price is $10.36 and its 200 day moving average price is $12.97. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 8.23.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LPSN shares. KeyCorp started coverage on LivePerson in a report on Monday, September 12th. They set an “overweight” rating and a $16.00 price target for the company. Barclays reduced their target price on LivePerson from $16.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, November 8th. Credit Suisse Group started coverage on LivePerson in a report on Friday, September 23rd. They issued an “underperform” rating and a $8.00 target price for the company. Loop Capital downgraded LivePerson from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a report on Tuesday, August 9th. Finally, Mizuho reduced their target price on LivePerson from $14.00 to $12.00 in a report on Wednesday, November 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.92.

LivePerson Profile

(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.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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