LivePerson (NASDAQ:LPSN) Upgraded to “Hold” at StockNews.com

LivePerson (NASDAQ:LPSN – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently weighed in on LPSN. Craig Hallum upgraded shares of LivePerson from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a report on Friday, March 3rd. Mizuho cut their price target on shares of LivePerson from $14.00 to $12.00 in a report on Wednesday, November 16th. Finally, Evercore ISI cut their price target on shares of LivePerson to $12.00 in a report on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.55.

LivePerson Price Performance

Shares of NASDAQ:LPSN opened at $4.13 on Wednesday. LivePerson has a twelve month low of $4.02 and a twelve month high of $26.66. The company’s 50 day moving average is $12.24 and its 200 day moving average is $11.22. 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 company has a market cap of $311.11 million, a PE ratio of -1.33 and a beta of 1.58.

Institutional Investors Weigh In On LivePerson

A number of hedge funds and other institutional investors have recently made changes to their positions in LPSN. Starboard Value LP acquired a new stake in shares of LivePerson during the 1st quarter worth approximately $156,410,000. Vanguard Group Inc. grew its stake in shares of LivePerson by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 9,015,843 shares of the technology company’s stock worth $84,929,000 after purchasing an additional 601,564 shares during the period. Clearbridge Investments LLC acquired a new stake in LivePerson in the 2nd quarter valued at $8,267,000. Washington Harbour Partners LP acquired a new stake in LivePerson in the 1st quarter valued at $11,342,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in LivePerson in the 3rd quarter valued at $4,068,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

LivePerson Company Profile

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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.