Mirae Asset Global Investments Co. Ltd. Reduces Stock Holdings in LivePerson, Inc. (NASDAQ:LPSN)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in LivePerson, Inc. (NASDAQ:LPSN) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,378 shares of the technology company’s stock after selling 28,685 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of LivePerson worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPSN. SG Americas Securities LLC lifted its position in LivePerson by 32.2% during the third quarter. SG Americas Securities LLC now owns 26,271 shares of the technology company’s stock valued at $102,000 after buying an additional 6,399 shares during the period. Bank of New York Mellon Corp lifted its position in LivePerson by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 237,258 shares of the technology company’s stock valued at $923,000 after buying an additional 5,151 shares during the period. Los Angeles Capital Management LLC lifted its position in LivePerson by 415.7% during the third quarter. Los Angeles Capital Management LLC now owns 109,344 shares of the technology company’s stock valued at $425,000 after buying an additional 88,140 shares during the period. Assenagon Asset Management S.A. lifted its position in LivePerson by 41.1% during the third quarter. Assenagon Asset Management S.A. now owns 451,686 shares of the technology company’s stock valued at $1,778,000 after buying an additional 131,478 shares during the period. Finally, Barclays PLC lifted its position in LivePerson by 12.1% during the third quarter. Barclays PLC now owns 93,084 shares of the technology company’s stock valued at $362,000 after buying an additional 10,027 shares during the period. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. B. Riley lowered their price objective on LivePerson from $3.75 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Mizuho reduced their price target on LivePerson from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Roth Capital downgraded LivePerson from a “buy” rating to a “neutral” rating in a report on Thursday, February 29th. Finally, Loop Capital reduced their price target on LivePerson from $3.00 to $1.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.58.

Insider Buying and Selling

In other LivePerson news, Director William Wesemann acquired 100,000 shares of LivePerson stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of $1.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now owns 374,835 shares of the company’s stock, valued at $374,835. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director William Wesemann purchased 100,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 374,835 shares in the company, valued at approximately $374,835. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alex Kroman sold 65,828 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $0.51, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 73,662 shares of company stock worth $40,411. 9.00% of the stock is owned by corporate insiders.

LivePerson Price Performance

NASDAQ LPSN opened at $0.53 on Friday. LivePerson, Inc. has a one year low of $0.45 and a one year high of $6.41. The stock has a 50-day moving average of $1.14 and a 200 day moving average of $2.38. The company has a market capitalization of $46.35 million, a price-to-earnings ratio of -0.41 and a beta of 1.49. The company has a debt-to-equity ratio of 10.63, a quick ratio of 1.20 and a current ratio of 1.20.

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