Palogic Value Management L.P. Has $110,000 Position in LivePerson, Inc. (NASDAQ:LPSN)

Palogic Value Management L.P. trimmed its stake in LivePerson, Inc. (NASDAQ:LPSN - Free Report) by 99.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,500 shares of the technology company's stock after selling 7,620,500 shares during the quarter. Palogic Value Management L.P. owned 0.08% of LivePerson worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in LPSN. Dodds Wealth LLC purchased a new stake in shares of LivePerson in the fourth quarter worth approximately $96,000. SBI Securities Co. Ltd. bought a new position in LivePerson during the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new position in LivePerson during the fourth quarter valued at approximately $66,000. Avantax Advisory Services Inc. raised its position in LivePerson by 89.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company's stock valued at $29,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Mystic Asset Management Inc. raised its position in LivePerson by 57.5% during the fourth quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company's stock valued at $77,000 after acquiring an additional 18,600 shares in the last quarter. 79.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LivePerson

In other LivePerson news, CEO Anthony John Sabino sold 166,213 shares of LivePerson stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $0.90, for a total transaction of $149,591.70. Following the sale, the chief executive officer now owns 2,920,384 shares in the company, valued at $2,628,345.60. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Pegueros sold 30,000 shares of LivePerson stock in a transaction on Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the sale, the director now owns 139,993 shares in the company, valued at $125,993.70. This represents a 17.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,204 shares of company stock worth $287,471. Insiders own 2.00% of the company's stock.

LivePerson Stock Performance

LPSN stock traded down $0.02 during midday trading on Friday, hitting $0.71. 2,498,443 shares of the company traded hands, compared to its average volume of 2,647,447. LivePerson, Inc. has a twelve month low of $0.52 and a twelve month high of $2.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The business has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $1.00. The stock has a market capitalization of $66.73 million, a price-to-earnings ratio of -0.46 and a beta of 1.75.

LivePerson (NASDAQ:LPSN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The company had revenue of $73.21 million for the quarter, compared to analyst estimates of $68.12 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter last year, the business earned ($0.06) EPS. As a group, equities research analysts predict that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of LivePerson in a research report on Thursday, May 8th. Wall Street Zen lowered shares of LivePerson from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

LivePerson Profile

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.