LivePerson Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 1,551 shares of LivePerson stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $8.17, for a total value of $12,671.67. Following the transaction, the executive vice president now directly owns 52,269 shares of the company’s stock, valued at $427,037.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of LivePerson Inc. (NASDAQ:LPSN) opened at 8.35 on Monday. LivePerson Inc. has a 52 week low of $3.74 and a 52 week high of $8.50. The firm’s market capitalization is $482.45 million. The stock has a 50 day moving average price of $7.82 and a 200-day moving average price of $6.77.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.70 million. LivePerson had a negative return on equity of 2.86% and a negative net margin of 11.68%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, equities research analysts forecast that LivePerson Inc. will post ($0.05) earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of LPSN. Nomura Holdings Inc. acquired a new position in LivePerson during the second quarter worth $107,000. Louisiana State Employees Retirement System raised 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 worth $139,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in shares of LivePerson by 4.5% in the first quarter. Arizona State Retirement System now owns 25,292 shares of the company’s stock worth $148,000 after buying an additional 1,100 shares in the last quarter. Thrivent Financial for Lutherans raised 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 worth $151,000 after buying an additional 1,210 shares in the last quarter. Finally, Airain ltd purchased a new position in shares of LivePerson during the second quarter worth approximately $153,000. 73.37% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on LPSN shares. Benchmark Co. raised LivePerson from a “hold” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $9.00 in a report on Thursday, July 7th. Zacks Investment Research cut LivePerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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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