Assenagon Asset Management S.A. purchased a new stake in shares of LivePerson, Inc. (NASDAQ:LPSN – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 44,732 shares of the technology company’s stock, valued at approximately $68,000.
A number of other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd lifted its holdings in shares of LivePerson by 1,162.0% during the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after purchasing an additional 194,069 shares during the last quarter. Wolverine Trading LLC boosted its holdings in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after acquiring an additional 16,385 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after acquiring an additional 15,032 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of LivePerson during the third quarter valued at $513,000. Finally, Point72 DIFC Ltd purchased a new position in shares of LivePerson in the 2nd quarter worth about $32,000. 79.83% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a report on Friday, November 8th. StockNews.com upgraded LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1.25.
LivePerson Price Performance
NASDAQ:LPSN opened at $1.32 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson, Inc. has a twelve month low of $0.45 and a twelve month high of $3.22. The company has a market cap of $119.14 million, a PE ratio of -0.86 and a beta of 1.59. The company’s 50 day moving average is $1.09 and its two-hundred day moving average is $1.13.
LivePerson (NASDAQ:LPSN – Get Free Report) last issued its earnings results on Thursday, November 7th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The firm had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $71.56 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter in the prior year, the company earned ($0.08) EPS. Analysts anticipate that LivePerson, Inc. will post -0.41 EPS for the current year.
Insider Buying and Selling
In other news, Director Bruce Edward Hansen sold 84,944 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $0.85, for a total value of $72,202.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John Deneen Collins sold 130,000 shares of LivePerson stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $0.85, for a total value of $110,500.00. Following the completion of the sale, the chief financial officer now directly owns 997,604 shares of the company’s stock, valued at $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,848 shares of company stock worth $203,091. 9.00% of the stock is owned by corporate insiders.
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.
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