LivePerson, Inc. (NASDAQ:LPSN) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 100.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,914 shares of the technology company’s stock after acquiring an additional 29,957 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in LivePerson were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its stake in LivePerson by 497.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,580 shares of the technology company’s stock valued at $40,000 after acquiring an additional 8,809 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of LivePerson in the 4th quarter valued at about $43,000. Raymond James & Associates acquired a new stake in shares of LivePerson in the 4th quarter valued at about $148,000. Diversified Trust Co acquired a new position in LivePerson during the third quarter worth approximately $54,000. Finally, Jacobs Levy Equity Management Inc. increased its position in LivePerson by 77.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,737,186 shares of the technology company’s stock worth $6,758,000 after buying an additional 755,945 shares during the period. 79.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LPSN. Mizuho reduced their price target on shares of LivePerson from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Roth Mkm cut shares of LivePerson from a “buy” rating to a “neutral” rating and reduced their target price for the company from $6.00 to $2.00 in a report on Thursday, February 29th. Roth Capital lowered LivePerson from a “buy” rating to a “neutral” rating in a report on Thursday, February 29th. Barclays reduced their price objective on LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a research note on Thursday, February 29th. Finally, StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, LivePerson presently has an average rating of “Hold” and an average target price of $3.08.

Insider Transactions at LivePerson

In other news, Director William Wesemann acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $1.00 per share, with a total value of $100,000.00. Following the purchase, the director now directly owns 374,835 shares of the company’s stock, valued at approximately $374,835. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,834 shares of company stock valued at $6,839 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

LivePerson Trading Down 8.8 %

Shares of LPSN stock opened at $0.51 on Monday. LivePerson, Inc. has a 1-year low of $0.49 and a 1-year high of $6.41. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 10.63. The business’s fifty day moving average price is $1.35 and its 200 day moving average price is $2.47.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. The company had revenue of $95.47 million during the quarter, compared to analysts’ expectations of $95.54 million. On average, sell-side analysts anticipate that LivePerson, Inc. will post -0.68 earnings per share for the current fiscal year.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It 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. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.