LivePerson (NASDAQ:LPSN) Shares Down 6.3%

LivePerson, Inc. (NASDAQ:LPSN – Get Rating)’s stock price traded down 6.3% on Friday . The company traded as low as $9.32 and last traded at $9.46. 328,450 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,055,979 shares. The stock had previously closed at $10.10.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Craig Hallum raised LivePerson from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Friday, March 3rd. Evercore ISI cut their price objective on LivePerson to $12.00 in a research report on Tuesday, November 15th. StockNews.com cut LivePerson from a “hold” rating to a “sell” rating in a research report on Saturday, November 19th. Finally, Mizuho cut their price objective on LivePerson from $14.00 to $12.00 in a research report on Wednesday, November 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, LivePerson has an average rating of “Hold” and a consensus target price of $14.40.

LivePerson Stock Performance

The firm has a fifty day simple moving average of $12.43 and a 200-day simple moving average of $11.32. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 8.23. The stock has a market cap of $706.60 million, a price-to-earnings ratio of -3.03 and a beta of 1.58.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LPSN. Natixis bought a new position in shares of LivePerson in the 4th quarter worth $221,000. Point72 Middle East FZE bought a new position in LivePerson during the fourth quarter worth about $57,000. State of Wisconsin Investment Board lifted its holdings in LivePerson by 6.1% during the fourth quarter. State of Wisconsin Investment Board now owns 81,685 shares of the technology company’s stock worth $828,000 after acquiring an additional 4,698 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in shares of LivePerson by 21.5% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 120,283 shares of the technology company’s stock valued at $1,220,000 after purchasing an additional 21,266 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of LivePerson by 2.9% in the 4th quarter. Legal & General Group Plc now owns 206,208 shares of the technology company’s stock valued at $2,091,000 after purchasing an additional 5,715 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

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.