Alex Kroman Sells 65,828 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Alex Kroman sold 65,828 shares of LivePerson stock in a transaction on Friday, April 19th. The shares were sold at an average price of $0.51, for a total value of $33,572.28. Following the transaction, the executive vice president now owns 120,047 shares in the company, valued at $61,223.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

LivePerson Stock Performance

LPSN opened at $0.46 on Tuesday. The company has a debt-to-equity ratio of 10.63, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $40.80 million, a price-to-earnings ratio of -0.36 and a beta of 1.50. The company has a fifty day moving average of $1.30 and a 200 day moving average of $2.45. LivePerson, Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $6.41.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.06). LivePerson had a negative net margin of 24.99% and a negative return on equity of 47.71%. The company had revenue of $95.47 million for the quarter, compared to the consensus estimate of $95.54 million. As a group, sell-side analysts forecast that LivePerson, Inc. will post -0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its position in LivePerson by 131.3% in the first quarter. Los Angeles Capital Management LLC now owns 406,123 shares of the technology company’s stock worth $405,000 after buying an additional 230,564 shares during the last quarter. Options Solutions LLC purchased a new stake in LivePerson in the fourth quarter worth $38,000. Palogic Value Management L.P. lifted its holdings in LivePerson by 119.5% during the 4th quarter. Palogic Value Management L.P. now owns 856,431 shares of the technology company’s stock valued at $3,246,000 after buying an additional 466,320 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LivePerson by 54.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock valued at $57,000 after acquiring an additional 5,342 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of LivePerson by 80.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 377,719 shares of the technology company’s stock worth $1,432,000 after buying an additional 168,370 shares during the period. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Wall Street Analyst Weigh In

LPSN has been the topic of a number of analyst reports. Roth Capital cut LivePerson from a “buy” rating to a “neutral” rating in a research report on Thursday, February 29th. B. Riley dropped their price target on shares of LivePerson from $3.75 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Mizuho decreased their price objective on shares of LivePerson from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Barclays dropped their target price on shares of LivePerson from $3.50 to $1.50 and set an “underweight” rating for the company in a report on Thursday, February 29th. Finally, Roth Mkm cut LivePerson from a “buy” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $2.00 in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.08.

About LivePerson

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.