StockNews.com Upgrades LivePerson (NASDAQ:LPSN) to “Hold”

LivePerson (NASDAQ:LPSN – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

LPSN has been the topic of a number of other reports. Craig Hallum upgraded shares of LivePerson from a “hold” rating to a “buy” rating and upped their price target for the stock from $13.00 to $15.00 in a report on Friday, March 3rd. Evercore ISI lowered their price objective on shares of LivePerson to $12.00 in a research note on Tuesday, November 15th. Finally, Mizuho lowered their price objective on shares of LivePerson from $14.00 to $12.00 in a research note on Wednesday, November 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.55.

LivePerson Trading Down 57.7 %

NASDAQ LPSN opened at $4.13 on Wednesday. The company’s 50-day moving average price is $12.24 and its 200-day moving average price is $11.22. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 8.23. The stock has a market cap of $311.11 million, a PE ratio of -1.33 and a beta of 1.58. LivePerson has a 12 month low of $4.02 and a 12 month high of $26.66.

Institutional Trading of LivePerson

Several hedge funds have recently modified their holdings of LPSN. Starboard Value LP purchased a new stake in shares of LivePerson during the first quarter valued at about $156,410,000. Vanguard Group Inc. lifted its position in shares of LivePerson by 7.1% during the third quarter. Vanguard Group Inc. now owns 9,015,843 shares of the technology company’s stock valued at $84,929,000 after buying an additional 601,564 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of LivePerson during the second quarter valued at about $8,267,000. Washington Harbour Partners LP purchased a new stake in shares of LivePerson during the first quarter valued at about $11,342,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of LivePerson in the 3rd quarter valued at approximately $4,068,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

LivePerson Company Profile

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence (AI). Conversational AI allows humans and machines to interact using natural language, including speech or text. The company operates through the Business and Consumer segments.