LivePerson, Inc. (NASDAQ:LPSN) EVP Alex Kroman Sells 65,828 Shares

LivePerson, Inc. (NASDAQ:LPSN) EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $0.51, for a total transaction of $33,572.28. Following the sale, the executive vice president now owns 120,047 shares of the company’s stock, valued at $61,223.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

LivePerson Trading Down 9.0 %

NASDAQ LPSN opened at $0.46 on Tuesday. The stock has a 50-day moving average of $1.30 and a 200-day moving average of $2.45. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 10.63. LivePerson, Inc. has a 1-year low of $0.46 and a 1-year high of $6.41. The firm has a market cap of $40.80 million, a PE ratio of -0.36 and a beta of 1.50.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $95.54 million. As a group, sell-side analysts forecast that LivePerson, Inc. will post -0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Monday. Barclays dropped their price target on LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a research note on Thursday, February 29th. Mizuho decreased their price objective on LivePerson from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Roth Mkm downgraded LivePerson from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $2.00 in a research report on Thursday, February 29th. Finally, Roth Capital cut shares of LivePerson from a “buy” rating to a “neutral” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.08.

Institutional Investors Weigh In On LivePerson

Several institutional investors have recently added to or reduced their stakes in LPSN. AIGH Capital Management LLC bought a new position in shares of LivePerson during the fourth quarter valued at about $6,102,000. Jacobs Levy Equity Management Inc. increased its holdings in LivePerson by 77.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,737,186 shares of the technology company’s stock valued at $6,758,000 after purchasing an additional 755,945 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in LivePerson during the 3rd quarter valued at approximately $1,905,000. Palogic Value Management L.P. lifted its holdings in LivePerson by 119.5% in the 4th quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock worth $3,246,000 after buying an additional 466,320 shares during the period. Finally, Worth Venture Partners LLC bought a new stake in shares of LivePerson in the 4th quarter worth approximately $1,519,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

About LivePerson

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.