LivePerson (NASDAQ:LPSN) Lowered to Sell at StockNews.com

StockNews.com lowered shares of LivePerson (NASDAQ:LPSN) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

A number of other equities research analysts have also commented on LPSN. Barclays reduced their price objective on shares of LivePerson from $3.50 to $1.50 and set an underweight rating on the stock in a research note on Thursday, February 29th. Roth Capital lowered shares of LivePerson from a buy rating to a neutral rating in a research note on Thursday, February 29th. Mizuho cut their target price on shares of LivePerson from $3.00 to $2.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. B. Riley cut their target price on shares of LivePerson from $3.75 to $2.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. Finally, Roth Mkm downgraded shares of LivePerson from a buy rating to a neutral rating and lowered their price objective for the stock from $6.00 to $2.00 in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $3.08.

LivePerson Trading Down 9.0 %

LPSN opened at $0.46 on Monday. LivePerson has a fifty-two week low of $0.46 and a fifty-two week high of $6.41. The company has a debt-to-equity ratio of 10.63, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $40.80 million, a price-to-earnings ratio of -0.36 and a beta of 1.50. The company’s 50 day moving average price is $1.30 and its two-hundred day moving average price is $2.45.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) 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 firm had revenue of $95.47 million during the quarter, compared to the consensus estimate of $95.54 million. As a group, research analysts predict that LivePerson will post -0.68 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William Wesemann acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $1.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 374,835 shares of the company’s stock, valued at approximately $374,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LivePerson news, EVP Alex Kroman sold 65,828 shares of the stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $0.51, for a total transaction of $33,572.28. Following the completion of the transaction, the executive vice president now owns 120,047 shares in the company, valued at $61,223.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Wesemann bought 100,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of $1.00 per share, with a total value of $100,000.00. Following the transaction, the director now directly owns 374,835 shares of the company’s stock, valued at $374,835. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 73,662 shares of company stock worth $40,411. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPSN. AIGH Capital Management LLC bought a new position in LivePerson during the fourth quarter worth about $6,102,000. Jacobs Levy Equity Management Inc. boosted 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 purchasing an additional 755,945 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of LivePerson in the third quarter valued at approximately $1,905,000. Palogic Value Management L.P. boosted its position in shares of LivePerson by 119.5% in the fourth quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock valued at $3,246,000 after acquiring an additional 466,320 shares during the period. Finally, Worth Venture Partners LLC bought a new position in shares of LivePerson in the fourth quarter valued at approximately $1,519,000. Institutional investors own 79.83% of the company’s stock.

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.