Raymond James Financial Inc. Invests $66,000 in LivePerson, Inc. (NASDAQ:LPSN)

Raymond James Financial Inc. purchased a new stake in shares of LivePerson, Inc. (NASDAQ:LPSN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 43,154 shares of the technology company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of LivePerson during the fourth quarter worth $25,000. Wolverine Trading LLC raised its stake in shares of LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares during the period. Assenagon Asset Management S.A. purchased a new stake in LivePerson during the 4th quarter worth about $68,000. Dodds Wealth LLC purchased a new stake in LivePerson during the 4th quarter worth about $96,000. Finally, XTX Topco Ltd boosted its stake in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after purchasing an additional 194,069 shares during the period. 79.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LPSN shares. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $0.88.

LivePerson Stock Up 5.2 %

Shares of NASDAQ LPSN opened at $0.74 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The business has a 50-day moving average of $0.99 and a 200-day moving average of $1.08. The firm has a market capitalization of $67.85 million, a price-to-earnings ratio of -0.49 and a beta of 1.67. LivePerson, Inc. has a 12 month low of $0.45 and a 12 month high of $2.08.

LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The company had revenue of $73.21 million for the quarter, compared to the consensus estimate of $68.12 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 previous year, the firm earned ($0.06) earnings per share. Sell-side analysts expect that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at LivePerson

In related news, CEO Anthony John Sabino sold 166,213 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $0.90, for a total transaction of $149,591.70. Following the transaction, the chief executive officer now owns 2,920,384 shares of the company’s stock, valued at approximately $2,628,345.60. This trade represents a 5.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Pegueros sold 30,000 shares of LivePerson stock in a transaction on Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the completion of the transaction, the director now owns 139,993 shares in the company, valued at approximately $125,993.70. The trade was a 17.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 307,233 shares of company stock worth $285,391 over the last 90 days. Corporate insiders own 9.00% 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.