LivePerson (NASDAQ:LPSN) Downgraded by StockNews.com to “Sell”

LivePerson (NASDAQ:LPSN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, LivePerson has an average rating of “Hold” and a consensus target price of $0.88.

LivePerson Price Performance

NASDAQ LPSN opened at $0.98 on Thursday. LivePerson has a 52 week low of $0.45 and a 52 week high of $2.08. The firm has a market capitalization of $88.43 million, a P/E ratio of -0.64 and a beta of 1.51. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The company has a 50-day moving average price of $1.24 and a 200-day moving average price of $1.12.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.23). LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. The business had revenue of $73.21 million for the quarter, compared to analysts’ expectations of $68.12 million. During the same period in the previous year, the company earned ($0.06) EPS. Equities research analysts anticipate that LivePerson will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of LivePerson during the 4th quarter valued at approximately $25,000. Avantax Advisory Services Inc. grew its stake in shares of LivePerson by 89.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock valued at $29,000 after acquiring an additional 9,000 shares during the period. Wolverine Trading LLC grew 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 acquiring an additional 16,385 shares during the period. Marshall Wace LLP bought a new position in shares of LivePerson during the 4th quarter valued at approximately $57,000. Finally, Raymond James Financial Inc. bought a new position in shares of LivePerson during the 4th quarter valued at approximately $66,000. 79.83% of the stock is currently owned by institutional investors.

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.