Anthony John Sabino Sells 111,020 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 111,020 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $0.98, for a total transaction of $108,799.60. Following the completion of the sale, the chief executive officer now owns 3,243,819 shares of the company’s stock, valued at $3,178,942.62. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Anthony John Sabino also recently made the following trade(s):

• On Thursday, March 20th, Anthony John Sabino sold 166,213 shares of LivePerson stock. The stock was sold at an average price of $0.90, for a total transaction of $149,591.70.

LivePerson Trading Up 0.8 %

Shares of LPSN stock opened at $0.92 on Friday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a fifty day moving average of $1.19 and a 200-day moving average of $1.11. LivePerson, Inc. has a 52-week low of $0.45 and a 52-week high of $2.08. The stock has a market cap of $83.08 million, a price-to-earnings ratio of -0.60 and a beta of 1.51.

LivePerson (NASDAQ:LPSN) last posted its quarterly 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). LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. The business had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. During the same period last year, the company earned ($0.06) EPS. On average, equities research analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LPSN has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, LivePerson presently has an average rating of “Hold” and a consensus price target of $0.88.

Institutional Trading of LivePerson

Several institutional investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its holdings in shares of LivePerson by 89.9% during the fourth 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. Charles Schwab Investment Management Inc. increased its position in shares of LivePerson by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after purchasing an additional 15,032 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in LivePerson during the 4th quarter valued at about $25,000. Wolverine Trading LLC boosted its position in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after buying an additional 16,385 shares in the last quarter. Finally, Mystic Asset Management Inc. grew its stake in LivePerson by 57.5% during the fourth quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company’s stock worth $77,000 after buying an additional 18,600 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

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.