LivePerson (NASDAQ:LPSN) Price Target Cut to $1.00

LivePerson (NASDAQ:LPSN) had its price objective reduced by Loop Capital from $3.00 to $1.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Loop Capital’s price objective points to a potential upside of 97.82% from the company’s current price.

A number of other equities research analysts also recently weighed in on LPSN. B. Riley decreased their price objective on LivePerson from $3.75 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Mizuho dropped their price objective on shares of LivePerson from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Barclays dropped their target price on shares of LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a research report on Thursday, February 29th. Roth Mkm cut shares of LivePerson from a “buy” rating to a “neutral” rating and dropped their target price for the company from $6.00 to $2.00 in a research report on Thursday, February 29th. Finally, StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.58.

LivePerson Stock Up 2.1 %

LPSN stock opened at $0.51 on Tuesday. LivePerson has a twelve month low of $0.45 and a twelve month high of $6.41. The company has a market cap of $44.54 million, a PE ratio of -0.40 and a beta of 1.49. The business’s 50-day simple moving average is $1.22 and its 200 day simple moving average is $2.42. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.63.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). LivePerson had a negative return on equity of 47.71% and a negative net margin of 24.99%. The firm had revenue of $95.47 million for the quarter, compared to analyst estimates of $95.54 million. On average, research analysts anticipate that LivePerson will post -0.68 earnings per share for the current year.

Insider Activity

In related news, Director William Wesemann bought 100,000 shares of LivePerson stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $1.00 per share, with a total value of $100,000.00. Following the purchase, the director now owns 374,835 shares in the company, valued at $374,835. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $0.51, for a total value of $33,572.28. Following the completion of the transaction, the executive vice president now directly owns 120,047 shares of the company’s stock, valued at approximately $61,223.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Wesemann bought 100,000 shares of LivePerson stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of $1.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 374,835 shares in the company, valued at approximately $374,835. The disclosure for this purchase can be found here. Insiders sold 73,662 shares of company stock valued at $40,411 in the last quarter. Company insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Options Solutions LLC bought a new stake in LivePerson during the 4th quarter worth about $38,000. Victory Capital Management Inc. bought a new stake in LivePerson during the 4th quarter worth about $39,000. Nisa Investment Advisors LLC raised its holdings in shares of LivePerson by 497.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock valued at $40,000 after purchasing an additional 8,809 shares during the period. Oak Thistle LLC bought a new stake in shares of LivePerson in the 4th quarter valued at about $43,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of LivePerson by 54.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after purchasing an additional 5,342 shares during the period. 79.83% of the stock is owned by institutional investors and hedge funds.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.