LivePerson (NASDAQ:LPSN) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of LivePerson (NASDAQ:LPSN) from a hold rating to a sell rating in a research report released on Tuesday.

Separately, Craig Hallum cut LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $0.88.

LivePerson Stock Down 16.0 %

LPSN stock opened at $0.92 on Tuesday. LivePerson has a twelve month low of $0.45 and a twelve month high of $2.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a market cap of $83.43 million, a PE ratio of -0.60 and a beta of 1.59. The business has a 50 day moving average of $1.30 and a 200 day moving average of $1.15.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.23). The firm had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $68.12 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same quarter last year, the business earned ($0.06) earnings per share. On average, research analysts forecast that LivePerson will post -0.41 EPS for the current fiscal year.

Insider Activity at LivePerson

In related news, Director Bruce Edward Hansen sold 84,944 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total value of $72,202.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On LivePerson

Several hedge funds have recently added to or reduced their stakes in LPSN. SBI Securities Co. Ltd. purchased a new position in LivePerson in the 4th quarter valued at about $25,000. Avantax Advisory Services Inc. boosted its position in LivePerson by 89.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock valued at $29,000 after buying an additional 9,000 shares during the period. Wolverine Trading LLC lifted its position in shares of LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after purchasing an additional 16,385 shares during the last quarter. Marshall Wace LLP acquired a new stake in LivePerson during the 4th quarter worth $57,000. Finally, Raymond James Financial Inc. acquired a new stake in LivePerson during the 4th quarter worth $66,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

LivePerson Company Profile

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.