LivePerson, Inc. (NASDAQ:LPSN) Shares Sold by Credit Suisse AG

Credit Suisse AG decreased its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN – Get Rating) by 88.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 546,261 shares of the technology company’s stock after selling 4,002,550 shares during the period. Credit Suisse AG owned approximately 0.73% of LivePerson worth $5,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LPSN. Starboard Value LP acquired a new position in shares of LivePerson in the first quarter worth about $156,410,000. Clearbridge Investments LLC acquired a new position in shares of LivePerson in the second quarter worth about $8,267,000. Washington Harbour Partners LP acquired a new position in shares of LivePerson in the first quarter worth about $11,342,000. Capital Research Global Investors acquired a new position in shares of LivePerson in the first quarter worth about $8,264,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of LivePerson by 43.7% in the third quarter. Fisher Asset Management LLC now owns 985,180 shares of the technology company’s stock worth $9,280,000 after buying an additional 299,645 shares during the period. Institutional investors own 86.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LPSN shares. Mizuho decreased their price target on shares of LivePerson from $14.00 to $12.00 in a report on Wednesday, November 16th. Evercore ISI decreased their price target on shares of LivePerson to $12.00 in a report on Tuesday, November 15th. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. Finally, Barclays decreased their price target on shares of LivePerson from $16.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, November 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, LivePerson presently has a consensus rating of “Hold” and a consensus price target of $14.33.

LivePerson Trading Down 5.7 %

NASDAQ:LPSN opened at $11.81 on Tuesday. LivePerson, Inc. has a 12 month low of $7.96 and a 12 month high of $26.66. The firm has a market cap of $889.65 million, a price-to-earnings ratio of -3.81 and a beta of 1.47. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 8.23. The company’s 50 day moving average is $12.36 and its 200-day moving average is $11.47.

About LivePerson

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence (AI). Conversational AI allows humans and machines to interact using natural language, including speech or text. The company operates through the Business and Consumer segments.