Comerica Bank Has $2.26 Million Stock Holdings in LivePerson, Inc. (NASDAQ:LPSN)

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Comerica Bank grew its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 3.0% during the third quarter, HoldingsChannel.com reports. The firm owned 57,095 shares of the technology company’s stock after purchasing an additional 1,660 shares during the period. Comerica Bank’s holdings in LivePerson were worth $2,256,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of LivePerson by 269.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,048 shares of the technology company’s stock valued at $29,000 after purchasing an additional 764 shares in the last quarter. Usca Ria LLC acquired a new position in shares of LivePerson in the third quarter worth approximately $30,000. US Bancorp DE lifted its stake in shares of LivePerson by 111.2% in the second quarter. US Bancorp DE now owns 2,203 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,160 shares during the period. Strs Ohio acquired a new position in shares of LivePerson in the third quarter worth approximately $82,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of LivePerson in the second quarter worth approximately $101,000. 87.49% of the stock is currently owned by hedge funds and other institutional investors.

LPSN has been the topic of a number of recent analyst reports. Zacks Investment Research raised LivePerson from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. ValuEngine raised LivePerson from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Oppenheimer lifted their price objective on LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Barclays reaffirmed a “buy” rating and issued a $49.00 price objective on shares of LivePerson in a research note on Sunday, November 3rd. Finally, Jefferies Financial Group lifted their price objective on LivePerson to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. LivePerson has an average rating of “Buy” and a consensus price target of $39.50.

Shares of LPSN stock opened at $35.39 on Thursday. The company has a market cap of $2.30 billion, a P/E ratio of -153.87 and a beta of 1.03. The stock has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $33.70. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.41 and a current ratio of 2.19. LivePerson, Inc. has a fifty-two week low of $16.98 and a fifty-two week high of $42.85.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.02). The business had revenue of $75.18 million during the quarter, compared to the consensus estimate of $74.69 million. LivePerson had a negative return on equity of 33.89% and a negative net margin of 27.03%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. On average, research analysts predict that LivePerson, Inc. will post -0.72 earnings per share for the current year.

In other LivePerson news, EVP Monica L. Greenberg sold 2,284 shares of LivePerson stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total value of $84,941.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.70% of the company’s stock.

LivePerson Profile

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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