Sei Investments Co. increased its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 143,620.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,302 shares of the technology company’s stock after purchasing an additional 50,267 shares during the quarter. Sei Investments Co. owned 0.08% of LivePerson worth $1,062,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LPSN. Pier Capital LLC bought a new stake in LivePerson in the first quarter valued at $6,161,000. Principal Financial Group Inc. lifted its stake in LivePerson by 2.4% in the first quarter. Principal Financial Group Inc. now owns 419,748 shares of the technology company’s stock valued at $6,863,000 after buying an additional 9,955 shares during the last quarter. Spark Investment Management LLC lifted its stake in LivePerson by 188.1% in the first quarter. Spark Investment Management LLC now owns 110,900 shares of the technology company’s stock valued at $1,813,000 after buying an additional 72,400 shares during the last quarter. Suntrust Banks Inc. bought a new stake in LivePerson in the first quarter valued at $423,000. Finally, New York State Teachers Retirement System lifted its stake in LivePerson by 1.7% in the second quarter. New York State Teachers Retirement System now owns 129,826 shares of the technology company’s stock valued at $2,739,000 after buying an additional 2,213 shares during the last quarter. Hedge funds and other institutional investors own 78.84% of the company’s stock.
A number of equities research analysts have issued reports on LPSN shares. LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $24.00 target price on shares of LivePerson in a research note on Wednesday, June 6th. Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Friday, June 8th. BidaskClub cut LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Roth Capital raised their target price on LivePerson to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Needham & Company LLC raised their target price on LivePerson from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $25.29.
Shares of LPSN opened at $26.40 on Tuesday. The firm has a market cap of $1.65 billion, a PE ratio of -440.00 and a beta of 1.09. LivePerson, Inc. has a one year low of $10.80 and a one year high of $27.30.
LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $61.66 million for the quarter, compared to analyst estimates of $59.46 million. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. sell-side analysts predict that LivePerson, Inc. will post -0.08 EPS for the current fiscal year.
In other news, SVP Daryl Carlough sold 10,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the transaction, the senior vice president now directly owns 23,154 shares of the company’s stock, valued at $555,927.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eran Vanounou sold 11,045 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $22.84, for a total value of $252,267.80. Following the transaction, the insider now directly owns 34,375 shares in the company, valued at $785,125. The disclosure for this sale can be found here. Insiders have sold 33,654 shares of company stock worth $780,517 over the last three months. Corporate insiders own 11.50% of the company’s stock.
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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