Several other equities research analysts also recently commented on the company. BidaskClub downgraded LivePerson from a strong-buy rating to a buy rating in a report on Wednesday, October 3rd. Roth Capital lifted their price objective on LivePerson to $31.00 and gave the stock a buy rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded LivePerson from a hold rating to a sell rating in a report on Thursday, October 11th. Needham & Company LLC lifted their price objective on LivePerson from $20.00 to $28.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Finally, LADENBURG THALM/SH SH reiterated a buy rating and issued a $27.00 price objective on shares of LivePerson in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $27.17.
NASDAQ LPSN traded down $2.18 during trading hours on Friday, hitting $21.06. The company’s stock had a trading volume of 1,175,639 shares, compared to its average volume of 440,739. LivePerson has a 12 month low of $10.80 and a 12 month high of $27.40. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -350.92 and a beta of 1.27.
In other LivePerson news, EVP Monica L. Greenberg sold 1,466 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $26.55, for a total value of $38,922.30. Following the transaction, the executive vice president now directly owns 39,849 shares of the company’s stock, valued at $1,057,990.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monica L. Greenberg sold 36,723 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $22.03, for a total value of $809,007.69. Following the completion of the transaction, the executive vice president now directly owns 31,604 shares in the company, valued at $696,236.12. The disclosure for this sale can be found here. Insiders sold 48,854 shares of company stock worth $1,105,304 over the last three months. Insiders own 11.50% of the company’s stock.
Large investors have recently made changes to their positions in the business. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in LivePerson in the third quarter worth about $10,086,000. Sei Investments Co. boosted its position in LivePerson by 143,620.0% in the second quarter. Sei Investments Co. now owns 50,302 shares of the technology company’s stock worth $1,062,000 after purchasing an additional 50,267 shares during the last quarter. Janus Henderson Group PLC purchased a new position in LivePerson in the second quarter worth about $16,735,000. Rhumbline Advisers boosted its position in LivePerson by 7.5% in the second quarter. Rhumbline Advisers now owns 134,848 shares of the technology company’s stock worth $2,845,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in LivePerson in the second quarter worth about $1,285,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.
LivePerson Company Profile
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
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