Clearbridge Investments LLC Makes New Investment in LivePerson, Inc. (NASDAQ:LPSN)

Clearbridge Investments LLC acquired a new position in LivePerson, Inc. (NASDAQ:LPSNGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 584,683 shares of the technology company’s stock, valued at approximately $8,267,000. Clearbridge Investments LLC owned approximately 0.78% of LivePerson at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in LivePerson by 46.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,370 shares of the technology company’s stock worth $34,000 after purchasing an additional 750 shares in the last quarter. Sageworth Trust Co raised its stake in shares of LivePerson by 12,723.5% during the 2nd quarter. Sageworth Trust Co now owns 4,360 shares of the technology company’s stock worth $62,000 after buying an additional 4,326 shares during the period. Captrust Financial Advisors raised its stake in shares of LivePerson by 407.4% during the 1st quarter. Captrust Financial Advisors now owns 2,811 shares of the technology company’s stock worth $69,000 after buying an additional 2,257 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of LivePerson by 36.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,236 shares of the technology company’s stock worth $103,000 after buying an additional 1,141 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of LivePerson by 61.5% during the 1st quarter. Advisors Asset Management Inc. now owns 4,407 shares of the technology company’s stock worth $108,000 after buying an additional 1,678 shares during the period. Hedge funds and other institutional investors own 88.41% of the company’s stock.

Analyst Ratings Changes

LPSN has been the subject of several research analyst reports. Loop Capital downgraded LivePerson from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Tuesday, August 9th. Barclays reduced their target price on LivePerson from $16.00 to $11.00 and set an “underweight” rating for the company in a research note on Tuesday, November 8th. Credit Suisse Group initiated coverage on LivePerson in a research note on Friday, September 23rd. They set an “underperform” rating and a $8.00 target price for the company. Evercore ISI reduced their target price on LivePerson to $12.00 in a research note on Tuesday, November 15th. Finally, StockNews.com downgraded LivePerson from a “hold” rating to a “sell” rating in a research note on Saturday, November 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.92.

LivePerson Price Performance

Shares of LPSN opened at $10.84 on Friday. LivePerson, Inc. has a 52-week low of $7.96 and a 52-week high of $41.05. The stock has a fifty day simple moving average of $10.26 and a two-hundred day simple moving average of $12.82. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 8.23.

LivePerson Company Profile

(Get Rating)

LivePerson, Inc, together with its subsidiaries, provides conversational commerce software and Gainshare solutions. It 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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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