LivePerson, Inc. (NASDAQ:LPSN) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in LivePerson, Inc. (NASDAQ:LPSNGet Rating) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,365 shares of the technology company’s stock after acquiring an additional 12,900 shares during the period. New York State Teachers Retirement System owned 0.20% of LivePerson worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted 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 during the period. Wolff Wiese Magana LLC lifted its stake in LivePerson by 665.0% during the third quarter. Wolff Wiese Magana LLC now owns 4,521 shares of the technology company’s stock valued at $43,000 after purchasing an additional 3,930 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in LivePerson during the third quarter valued at approximately $313,000. Moody National Bank Trust Division lifted its stake in LivePerson by 70.2% during the third quarter. Moody National Bank Trust Division now owns 36,288 shares of the technology company’s stock valued at $342,000 after purchasing an additional 14,962 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in LivePerson by 7.0% during the second quarter. Legal & General Group Plc now owns 204,052 shares of the technology company’s stock valued at $2,885,000 after purchasing an additional 13,295 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Mizuho cut their target price on shares of LivePerson from $14.00 to $12.00 in a research note on Wednesday, November 16th. B. Riley cut their target price on shares of LivePerson from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. Barclays reduced their price target 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. Credit Suisse Group assumed coverage on shares of LivePerson in a research report on Friday, September 23rd. They issued an “underperform” rating and a $8.00 price target for the company. Finally, Evercore ISI reduced their price target on shares of LivePerson to $12.00 in a research report on Tuesday, November 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.92.

LivePerson Stock Down 2.8 %

LivePerson stock opened at $11.05 on Thursday. The firm has a market cap of $832.37 million, a PE ratio of -3.56 and a beta of 1.40. The company has a debt-to-equity ratio of 8.23, a quick ratio of 2.22 and a current ratio of 2.22. The firm’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $11.62. LivePerson, Inc. has a twelve month low of $7.96 and a twelve month high of $32.67.

LivePerson (NASDAQ:LPSNGet Rating) last released its quarterly earnings data on Monday, November 7th. The technology company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.01. The firm had revenue of $129.56 million for the quarter, compared to analyst estimates of $122.08 million. LivePerson had a negative net margin of 45.31% and a negative return on equity of 105.40%. On average, research analysts predict that LivePerson, Inc. will post -2 EPS for the current fiscal year.

LivePerson Profile

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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.

Further Reading

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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