Monica L. Greenberg Sells 1,424 Shares of LivePerson, Inc. (LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 1,424 shares of the company’s stock in a transaction on Saturday, March 16th. The stock was sold at an average price of $28.82, for a total transaction of $41,039.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ LPSN traded up $0.74 on Friday, reaching $29.07. The company had a trading volume of 852,761 shares, compared to its average volume of 571,678. The company has a quick ratio of 1.19, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -126.39 and a beta of 1.15. LivePerson, Inc. has a fifty-two week low of $16.98 and a fifty-two week high of $30.50.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $65.72 million for the quarter, compared to the consensus estimate of $64.91 million. LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. Research analysts expect that LivePerson, Inc. will post -0.5 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Piper Jaffray Companies began coverage on shares of LivePerson in a report on Monday, March 25th. They set an “overweight” rating and a $39.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $35.00 price objective (up from $30.00) on shares of LivePerson in a report on Friday, May 3rd. BidaskClub downgraded LivePerson from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Oppenheimer upgraded LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Thursday, January 24th. Finally, Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Friday, January 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.77.

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in LivePerson by 26.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock valued at $92,000 after acquiring an additional 1,029 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of LivePerson by 818.5% during the 4th quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after purchasing an additional 4,690 shares in the last quarter. Virtu Financial LLC bought a new position in shares of LivePerson during the 1st quarter worth about $236,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of LivePerson during the 1st quarter worth about $242,000. Finally, Neuburgh Advisers LLC boosted its position in shares of LivePerson by 159.3% during the 4th quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after purchasing an additional 5,258 shares in the last quarter. 79.29% of the stock is currently owned by institutional investors and hedge funds.

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About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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