LivePerson Sees Unusually High Options Volume (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN – Get Rating) was the recipient of unusually large options trading on Thursday. Stock investors purchased 6,208 call options on the stock. This is an increase of 692% compared to the average volume of 784 call options.

LivePerson Stock Down 57.7 %

Shares of NASDAQ:LPSN opened at $4.13 on Friday. LivePerson has a 1 year low of $4.02 and a 1 year high of $26.66. The business has a 50 day simple moving average of $12.24 and a two-hundred day simple moving average of $11.22. The firm has a market capitalization of $311.11 million, a PE ratio of -1.33 and a beta of 1.58. The company has a debt-to-equity ratio of 8.23, a current ratio of 2.22 and a quick ratio of 2.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System purchased a new position in shares of LivePerson during the third quarter valued at approximately $313,000. SG Americas Securities LLC boosted its position in shares of LivePerson by 47.3% during the third quarter. SG Americas Securities LLC now owns 117,534 shares of the technology company’s stock valued at $1,107,000 after buying an additional 37,735 shares during the period. Redwood Investment Management LLC boosted its position in shares of LivePerson by 39.9% during the third quarter. Redwood Investment Management LLC now owns 261,030 shares of the technology company’s stock valued at $2,459,000 after buying an additional 74,385 shares during the period. Texas Permanent School Fund boosted its position in shares of LivePerson by 4.3% during the second quarter. Texas Permanent School Fund now owns 49,880 shares of the technology company’s stock valued at $705,000 after buying an additional 2,052 shares during the period. Finally, Granite Point Capital Management L.P. purchased a new position in shares of LivePerson during the third quarter valued at approximately $188,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Loop Capital reduced their target price on LivePerson from $12.00 to $8.00 in a report on Thursday. Mizuho reduced their target price on LivePerson from $12.00 to $7.00 in a report on Thursday. Barclays reduced their target price on LivePerson from $11.00 to $4.00 and set an “underweight” rating on the stock in a report on Thursday. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.00 to $6.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.55.

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.