LivePerson, Inc. (NASDAQ:LPSN) Receives $1.32 Average Target Price from Analysts

LivePerson, Inc. (NASDAQ:LPSN) has earned a consensus rating of “Reduce” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.25.

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. StockNews.com lowered LivePerson from a “hold” rating to a “sell” rating in a research note on Friday. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a report on Friday.

Insiders Place Their Bets

In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the sale, the chief accounting officer now directly owns 378,707 shares in the company, valued at approximately $431,725.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other LivePerson news, CAO Jeffrey Ford sold 21,935 shares of LivePerson stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the completion of the sale, the chief accounting officer now directly owns 378,707 shares in the company, valued at approximately $431,725.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Deneen Collins sold 85,126 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1.05, for a total transaction of $89,382.30. Following the sale, the chief financial officer now directly owns 287,604 shares of the company’s stock, valued at approximately $301,984.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On LivePerson

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of LivePerson by 264.0% in the 1st quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company’s stock valued at $225,000 after buying an additional 163,978 shares during the period. Retirement Planning Co of New England Inc. increased its holdings in shares of LivePerson by 45.0% during the first quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company’s stock valued at $66,000 after acquiring an additional 20,627 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in LivePerson in the 1st quarter valued at $122,000. Vanguard Group Inc. increased its stake in LivePerson by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after purchasing an additional 523,694 shares in the last quarter. Finally, Archon Capital Management LLC bought a new stake in LivePerson during the 1st quarter valued at $5,313,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

LivePerson Price Performance

Shares of NASDAQ:LPSN opened at $0.89 on Tuesday. LivePerson has a one year low of $0.45 and a one year high of $3.98. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $80.31 million, a price-to-earnings ratio of -0.59 and a beta of 1.78. The firm has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $0.97.

About LivePerson

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.