LivePerson (NASDAQ:LPSN) Hits New 12-Month Low at $11.80

LivePerson, Inc. (NASDAQ:LPSNGet Rating)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.80 and last traded at $11.85, with a volume of 7976 shares trading hands. The stock had previously closed at $12.57.

Several research firms have weighed in on LPSN. Barclays lowered their price objective on shares of LivePerson from $30.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, February 28th. William Blair downgraded shares of LivePerson from an “outperform” rating to a “market perform” rating in a report on Friday, February 25th. StockNews.com assumed coverage on shares of LivePerson in a report on Thursday, March 31st. They set a “sell” rating on the stock. Roth Capital upgraded shares of LivePerson from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, May 10th. Finally, B. Riley reduced their target price on shares of LivePerson from $23.00 to $19.00 in a research note on Tuesday, May 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, LivePerson currently has a consensus rating of “Hold” and an average target price of $31.42.

The company has a market cap of $883.72 million, a P/E ratio of -5.03 and a beta of 1.32. The company’s 50-day moving average is $19.23 and its two-hundred day moving average is $25.85. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 4.07.

LivePerson (NASDAQ:LPSNGet Rating) last announced its quarterly earnings results on Monday, May 9th. The technology company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.05). The firm had revenue of $130.20 million during the quarter, compared to analysts’ expectations of $125.51 million. LivePerson had a negative return on equity of 59.54% and a negative net margin of 34.38%. On average, analysts anticipate that LivePerson, Inc. will post -1.96 EPS for the current fiscal year.

In other LivePerson news, EVP Monica L. Greenberg sold 1,104 shares of LivePerson stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $24.95, for a total transaction of $27,544.80. Following the transaction, the executive vice president now directly owns 35,218 shares of the company’s stock, valued at $878,689.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Deneen Collins sold 1,203 shares of LivePerson stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $24.95, for a total transaction of $30,014.85. Following the transaction, the chief financial officer now directly owns 42,663 shares in the company, valued at $1,064,441.85. The disclosure for this sale can be found here. Insiders sold 7,369 shares of company stock worth $183,339 over the last ninety days. 9.90% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of LivePerson by 0.4% during the third quarter. California State Teachers Retirement System now owns 88,639 shares of the technology company’s stock worth $5,225,000 after acquiring an additional 345 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of LivePerson by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 97,065 shares of the technology company’s stock worth $3,467,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of LivePerson by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 47,063 shares of the technology company’s stock worth $1,149,000 after purchasing an additional 480 shares during the last quarter. Psagot Value Holdings Ltd. grew its holdings in shares of LivePerson by 31.3% in the third quarter. Psagot Value Holdings Ltd. now owns 2,100 shares of the technology company’s stock worth $124,000 after purchasing an additional 500 shares during the last quarter. Finally, Gagnon Securities LLC grew its holdings in shares of LivePerson by 7.4% in the fourth quarter. Gagnon Securities LLC now owns 7,288 shares of the technology company’s stock worth $260,000 after purchasing an additional 500 shares during the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

LivePerson Company Profile (NASDAQ:LPSN)

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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