LivePerson (NASDAQ:LPSN) Upgraded at StockNews.com

StockNews.com upgraded shares of LivePerson (NASDAQ:LPSN – Get Rating) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other research firms have also recently weighed in on LPSN. Craig Hallum raised shares of LivePerson from a hold rating to a buy rating and upped their price target for the stock from $13.00 to $15.00 in a report on Friday, March 3rd. Evercore ISI decreased their price target on shares of LivePerson to $12.00 in a report on Tuesday, November 15th. Finally, Mizuho decreased their price target on shares of LivePerson from $14.00 to $12.00 in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $10.27.

LivePerson Trading Up 1.9 %

Shares of LPSN stock opened at $4.21 on Wednesday. The company’s fifty day simple moving average is $12.12 and its two-hundred day simple moving average is $11.17. The company has a debt-to-equity ratio of 8.23, a current ratio of 2.22 and a quick ratio of 2.22. LivePerson has a 1 year low of $3.81 and a 1 year high of $26.66. The stock has a market capitalization of $317.14 million, a price-to-earnings ratio of -1.43 and a beta of 1.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in LivePerson by 48.1% in the fourth quarter. CWM LLC now owns 2,632 shares of the technology company’s stock worth $27,000 after acquiring an additional 855 shares in the last quarter. Arizona State Retirement System boosted its position in LivePerson by 4.6% during the fourth quarter. Arizona State Retirement System now owns 20,108 shares of the technology company’s stock valued at $204,000 after buying an additional 888 shares during the period. State Board of Administration of Florida Retirement System boosted its position in LivePerson by 3.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 27,435 shares of the technology company’s stock valued at $388,000 after buying an additional 970 shares during the period. PNC Financial Services Group Inc. boosted its position in LivePerson by 36.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,236 shares of the technology company’s stock valued at $103,000 after buying an additional 1,141 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in LivePerson by 67.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,888 shares of the technology company’s stock valued at $36,000 after buying an additional 1,565 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

LivePerson Company Profile

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence (AI). Conversational AI allows humans and machines to interact using natural language, including speech or text. The company operates through the Business and Consumer segments.