LivePerson (NASDAQ:LPSN) Price Target Cut to $12.00 by Analysts at Mizuho

LivePerson (NASDAQ:LPSNGet Rating) had its price target decreased by Mizuho from $14.00 to $12.00 in a research report released on Wednesday, The Fly reports.

LPSN has been the subject of several other reports. KeyCorp started coverage on shares of LivePerson in a research report on Monday, September 12th. They set an overweight rating and a $16.00 target price for the company. Evercore ISI dropped their target price on shares of LivePerson to $12.00 in a research report on Tuesday, November 15th. Barclays dropped their target price on shares of LivePerson from $16.00 to $11.00 and set an underweight rating for the company in a research report on Tuesday, November 8th. StockNews.com upgraded shares of LivePerson from a sell rating to a hold rating in a research report on Friday, November 11th. Finally, Credit Suisse Group started coverage on shares of LivePerson in a report on Friday, September 23rd. They issued an underperform rating and a $8.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $15.92.

LivePerson Trading Down 4.7 %

Shares of LivePerson stock opened at $10.64 on Wednesday. LivePerson has a 1 year low of $7.96 and a 1 year high of $44.77. The firm has a market cap of $801.51 million, a PE ratio of -3.43 and a beta of 1.34. The company has a debt-to-equity ratio of 8.23, a current ratio of 2.22 and a quick ratio of 2.22. The company has a 50 day simple moving average of $10.36 and a two-hundred day simple moving average of $13.04.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LPSN. Comerica Bank increased its position in LivePerson by 1.0% during the 1st quarter. Comerica Bank now owns 55,984 shares of the technology company’s stock valued at $1,363,000 after purchasing an additional 580 shares during the period. Nisa Investment Advisors LLC grew its position in shares of LivePerson by 170.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,620 shares of the technology company’s stock worth $40,000 after buying an additional 1,020 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of LivePerson by 55.7% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 103,235 shares of the technology company’s stock worth $2,521,000 after buying an additional 36,947 shares during the period. Victory Capital Management Inc. grew its position in shares of LivePerson by 93.7% in the 1st quarter. Victory Capital Management Inc. now owns 14,354 shares of the technology company’s stock worth $325,000 after buying an additional 6,942 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of LivePerson by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 114,437 shares of the technology company’s stock worth $2,795,000 after buying an additional 1,240 shares during the period. 88.41% of the stock is owned by hedge funds and other institutional investors.

About LivePerson

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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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