LivePerson Inc. (NASDAQ:LPSN) CEO Robert P. Locascio sold 2,581 shares of LivePerson stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $8.16, for a total transaction of $21,060.96. Following the completion of the sale, the chief executive officer now directly owns 87,120 shares of the company’s stock, valued at approximately $710,899.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
LivePerson Inc. (NASDAQ:LPSN) opened at 8.35 on Monday. LivePerson Inc. has a 12-month low of $3.74 and a 12-month high of $8.50. The firm’s 50-day moving average is $7.82 and its 200-day moving average is $6.77. The stock’s market capitalization is $482.45 million.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.03. The firm had revenue of $56.70 million for the quarter, compared to the consensus estimate of $56.70 million. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company posted $0.02 earnings per share. Analysts predict that LivePerson Inc. will post ($0.05) EPS for the current fiscal year.
Several research firms recently issued reports on LPSN. Benchmark Co. lifted their price target on shares of LivePerson from $8.45 to $10.00 and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of LivePerson from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.81.
Institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of LivePerson by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,314,492 shares of the company’s stock valued at $21,014,000 after buying an additional 1,657,246 shares during the period. Renaissance Technologies LLC increased its position in shares of LivePerson by 81.4% in the first quarter. Renaissance Technologies LLC now owns 989,800 shares of the company’s stock valued at $5,790,000 after buying an additional 444,200 shares during the period. Granahan Investment Management Inc. MA increased its position in shares of LivePerson by 12.0% in the first quarter. Granahan Investment Management Inc. MA now owns 2,824,534 shares of the company’s stock valued at $16,524,000 after buying an additional 303,410 shares during the period. Emancipation Management LLC purchased a new position in shares of LivePerson during the second quarter valued at approximately $1,909,000. Finally, Murphy Michael R purchased a new position in shares of LivePerson during the second quarter valued at approximately $1,805,000. 73.37% of the stock is owned by hedge funds and other institutional investors.
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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