LivePerson (NASDAQ:LPSN) Price Target Cut to $1.00 by Analysts at Loop Capital

LivePerson (NASDAQ:LPSN) had its target price reduced by Loop Capital from $3.00 to $1.00 in a report published on Tuesday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other brokerages have also commented on LPSN. Mizuho decreased their price target on LivePerson from $3.00 to $2.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. StockNews.com lowered LivePerson from a hold rating to a sell rating in a research note on Monday. Roth Mkm lowered 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 research note on Thursday, February 29th. Barclays decreased their price target on LivePerson from $3.50 to $1.50 and set an underweight rating on the stock in a research note on Thursday, February 29th. Finally, Roth Capital lowered LivePerson from a buy rating to a neutral rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $2.58.

LivePerson Stock Performance

NASDAQ LPSN opened at $0.50 on Tuesday. The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $2.43. The firm has a market capitalization of $43.62 million, a P/E ratio of -0.39 and a beta of 1.50. The company has a debt-to-equity ratio of 10.63, a quick ratio of 1.20 and a current ratio of 1.20. LivePerson has a fifty-two week low of $0.45 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The company had revenue of $95.47 million for the quarter, compared to analyst estimates of $95.54 million. LivePerson had a negative return on equity of 47.71% and a negative net margin of 24.99%. On average, research analysts anticipate that LivePerson will post -0.68 earnings per share for the current year.

Insider Activity

In other news, EVP Alex Kroman sold 65,828 shares of the stock in a transaction dated Friday, April 19th. The stock was 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 approximately $61,223.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Alex Kroman sold 65,828 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $0.51, for a total value of $33,572.28. Following the completion of the sale, the executive vice president now directly owns 120,047 shares of the company’s stock, valued at approximately $61,223.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Wesemann bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $1.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now owns 374,835 shares in the company, valued at $374,835. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 73,662 shares of company stock worth $40,411. 2.00% of the stock is currently owned by insiders.

Institutional Trading of LivePerson

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of LivePerson by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 237,258 shares of the technology company’s stock worth $923,000 after buying an additional 5,151 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LivePerson by 54.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,124 shares of the technology company’s stock worth $57,000 after buying an additional 5,342 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of LivePerson by 2.6% during the 4th quarter. Advisory Services Network LLC now owns 215,540 shares of the technology company’s stock worth $817,000 after buying an additional 5,455 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of LivePerson by 32.2% during the 3rd quarter. SG Americas Securities LLC now owns 26,271 shares of the technology company’s stock worth $102,000 after buying an additional 6,399 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of LivePerson by 5.1% during the 3rd quarter. Swiss National Bank now owns 156,200 shares of the technology company’s stock worth $608,000 after buying an additional 7,600 shares in the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.

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.