LivePerson, Inc. (NASDAQ:LPSN) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in LivePerson, Inc. (NASDAQ:LPSN) by 3,210.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,671 shares of the technology company’s stock after purchasing an additional 31,684 shares during the period. Tower Research Capital LLC TRC’s holdings in LivePerson were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LPSN. CWM LLC increased its holdings in shares of LivePerson by 48.1% in the fourth quarter. CWM LLC now owns 2,632 shares of the technology company’s stock valued at $27,000 after purchasing an additional 855 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of LivePerson in the first quarter worth about $28,000. Point72 Middle East FZE purchased a new stake in shares of LivePerson in the fourth quarter worth about $57,000. Captrust Financial Advisors boosted its stake in shares of LivePerson by 407.4% in the first quarter. Captrust Financial Advisors now owns 2,811 shares of the technology company’s stock worth $69,000 after buying an additional 2,257 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of LivePerson in the first quarter worth about $75,000. 73.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LivePerson news, CFO John Deneen Collins sold 21,275 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $4.78, for a total transaction of $101,694.50. Following the completion of the sale, the chief financial officer now owns 172,488 shares of the company’s stock, valued at $824,492.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO John Deneen Collins sold 21,275 shares of LivePerson stock in a transaction on Monday, July 31st. The stock was sold at an average price of $4.78, for a total value of $101,694.50. Following the completion of the sale, the chief financial officer now directly owns 172,488 shares of the company’s stock, valued at $824,492.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monica L. Greenberg sold 7,782 shares of LivePerson stock in a transaction on Monday, July 31st. The shares were sold at an average price of $4.78, for a total value of $37,197.96. Following the completion of the sale, the executive vice president now directly owns 101,079 shares of the company’s stock, valued at $483,157.62. The disclosure for this sale can be found here. Insiders sold a total of 32,414 shares of company stock valued at $154,939 over the last quarter. 9.00% of the stock is owned by insiders.

LivePerson Price Performance

NASDAQ:LPSN opened at $4.08 on Thursday. LivePerson, Inc. has a one year low of $3.18 and a one year high of $18.17. The company has a debt-to-equity ratio of 5.66, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $318.08 million, a PE ratio of -3.34 and a beta of 1.56. The stock has a 50 day moving average price of $4.49 and a 200 day moving average price of $5.55.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.38. The firm had revenue of $97.52 million during the quarter, compared to analysts’ expectations of $96.89 million. LivePerson had a negative return on equity of 83.26% and a negative net margin of 20.03%. Equities research analysts expect that LivePerson, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LPSN shares. Mizuho lowered their target price on LivePerson from $7.00 to $6.00 in a research note on Thursday, May 11th. StockNews.com assumed coverage on LivePerson in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Roth Capital upgraded LivePerson from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 9th. Craig Hallum upgraded LivePerson from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.00 to $7.00 in a research report on Wednesday, August 9th. Finally, Loop Capital upgraded LivePerson from a “sell” rating to a “hold” rating and increased their price target for the stock from $3.00 to $6.00 in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.78.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.