Capstone Asset Management Co. lowered its stake in LivePerson Inc. (NASDAQ:LPSN) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,670 shares of the company’s stock after selling 340 shares during the period. Capstone Asset Management Co.’s holdings in LivePerson were worth $115,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of LPSN. Nomura Holdings Inc. bought a new position in shares of LivePerson during the second quarter valued at about $107,000. Louisiana State Employees Retirement System increased its position in shares of LivePerson by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans increased its position in shares of LivePerson by 5.4% in the second quarter. Thrivent Financial for Lutherans now owns 23,760 shares of the company’s stock valued at $151,000 after buying an additional 1,210 shares during the period. Airain ltd bought a new position in shares of LivePerson during the second quarter valued at about $153,000. Finally, A.R.T. Advisors LLC bought a new position in shares of LivePerson during the second quarter valued at about $156,000. Institutional investors and hedge funds own 73.33% of the company’s stock.
LivePerson Inc. (NASDAQ:LPSN) opened at 8.36 on Friday. The firm’s 50-day moving average is $8.22 and its 200-day moving average is $7.07. The firm’s market capitalization is $483.02 million. LivePerson Inc. has a 52-week low of $3.74 and a 52-week high of $8.70.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business earned $56.70 million during the quarter, compared to analyst estimates of $56.70 million. During the same period last year, the firm posted $0.02 earnings per share. LivePerson’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities analysts expect that LivePerson Inc. will post ($0.05) earnings per share for the current year.
LPSN has been the topic of several research reports. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Wednesday, July 13th. Benchmark Co. upgraded shares of LivePerson from a “hold” rating to a “buy” rating and upped their price target for the stock from $6.00 to $9.00 in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $9.81.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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