LivePerson, Inc. (NASDAQ:LPSN) Given Average Recommendation of “Reduce” by Analysts

LivePerson, Inc. (NASDAQ:LPSN – Get Rating) has received a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.50.

A number of research firms have recently weighed in on LPSN. William Blair reissued a “market perform” rating on shares of LivePerson in a research report on Thursday, March 16th. Roth Mkm lowered shares of LivePerson from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $6.00 in a research report on Thursday, March 16th. Evercore ISI lowered their price target on shares of LivePerson from $12.00 to $6.00 in a research report on Thursday, March 16th. Barclays lowered their price target on shares of LivePerson from $11.00 to $4.00 and set an “underweight” rating on the stock in a research report on Thursday, March 16th. Finally, Loop Capital lowered shares of LivePerson from a “hold” rating to a “sell” rating and lowered their price target for the company from $4.00 to $3.00 in a research report on Monday, May 8th.

LivePerson Stock Down 1.1 %

LPSN opened at $4.42 on Friday. The company has a debt-to-equity ratio of 7.85, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50-day moving average is $4.78 and its 200 day moving average is $9.41. LivePerson has a fifty-two week low of $3.57 and a fifty-two week high of $18.17. The firm has a market capitalization of $349.03 million, a P/E ratio of -1.91 and a beta of 1.52.

LivePerson (NASDAQ:LPSN – Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The technology company reported ($0.41) earnings per share for the quarter. LivePerson had a negative net margin of 36.12% and a negative return on equity of 163.00%. The firm had revenue of $122.48 million for the quarter, compared to the consensus estimate of $126.97 million. Research analysts expect that LivePerson will post -1 earnings per share for the current fiscal year.

Insider Buying and Selling at LivePerson

In related news, Director William Wesemann bought 20,000 shares of the company’s stock in a transaction dated Thursday, March 23rd. The stock was purchased at an average cost of $3.91 per share, with a total value of $78,200.00. Following the transaction, the director now owns 214,954 shares in the company, valued at approximately $840,470.14. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 14,659 shares of company stock valued at $66,069 in the last quarter. Company insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LPSN. CWM LLC increased its stake in shares of LivePerson by 48.1% in the 4th quarter. CWM LLC now owns 2,632 shares of the technology company’s stock worth $27,000 after acquiring an additional 855 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of LivePerson in the 1st quarter worth about $28,000. Allspring Global Investments Holdings LLC increased its stake in shares of LivePerson by 67.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,888 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,565 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of LivePerson in the 1st quarter worth about $51,000. Finally, Point72 Middle East FZE bought a new stake in LivePerson during the 4th quarter valued at about $57,000. 86.39% of the stock is currently owned by institutional investors.

About LivePerson

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence. Conversational AI allows humans and machines to interact using natural language, including speech or text. It operates through the Business and Consumer segments. The Business segment enables brands to leverage the intelligence engine of Conversational Cloud, the firm’s enterprise-class cloud-based platform, to connect with consumers through an integrated suite of mobile and online business messaging technologies.