LivePerson (NASDAQ:LPSN) Price Target Cut to $1.00

LivePerson (NASDAQ:LPSN) had its target price cut by Loop Capital from $3.00 to $1.00 in a report released on Tuesday, Benzinga reports. They currently have a hold rating on the technology company’s stock.

A number of other equities analysts also recently commented on LPSN. Barclays decreased their target price on LivePerson from $3.50 to $1.50 and set an underweight rating for the company in a research note on Thursday, February 29th. B. Riley cut their target price on LivePerson from $3.75 to $2.00 and set a neutral rating for the company in a research report on Thursday, February 29th. Roth Mkm downgraded LivePerson from a buy rating to a neutral rating and cut their target price for the stock from $6.00 to $2.00 in a research report on Thursday, February 29th. StockNews.com cut LivePerson from a hold rating to a sell rating in a report on Monday. Finally, Roth Capital cut LivePerson from a buy rating to a neutral rating in a report on Thursday, February 29th. Two investment 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 company has a consensus rating of Hold and a consensus price target of $2.58.

LivePerson Stock Up 6.9 %

Shares of LivePerson stock opened at $0.50 on Tuesday. 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 has a 50-day moving average price of $1.26 and a 200 day moving average price of $2.43. LivePerson has a fifty-two week low of $0.45 and a fifty-two week high of $6.41. The firm has a market cap of $43.62 million, a P/E ratio of -0.39 and a beta of 1.50.

LivePerson (NASDAQ:LPSN) last issued its earnings results 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 company had revenue of $95.47 million during the quarter, compared to analyst estimates of $95.54 million. On average, sell-side analysts forecast that LivePerson will post -0.68 earnings per share for the current fiscal year.

Insider Transactions at LivePerson

In other news, EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $0.51, for a total value of $33,572.28. Following the transaction, the executive vice president now directly owns 120,047 shares of the company’s stock, valued at $61,223.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other LivePerson 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 purchased at an average cost 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $0.51, for a total transaction of $33,572.28. Following the completion of the sale, the executive vice president now owns 120,047 shares of the company’s stock, valued at $61,223.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,662 shares of company stock valued at $40,411. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On LivePerson

A number of large investors have recently bought and sold shares of LPSN. AIGH Capital Management LLC bought a new stake in LivePerson in the fourth quarter worth $6,102,000. Jacobs Levy Equity Management Inc. boosted its holdings 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 valued at $6,758,000 after acquiring an additional 755,945 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in LivePerson during the third quarter valued at about $1,905,000. Palogic Value Management L.P. boosted its holdings in LivePerson by 119.5% during 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 stake in LivePerson during the fourth quarter valued at about $1,519,000. 79.83% of the stock is currently owned by institutional investors.

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.