LivePerson (NASDAQ:LPSN) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• LivePerson's stock has been rated "Sell (D-)" by Weiss Ratings and downgraded to a "sell" rating by Wall Street Zen, reflecting a negative outlook on the company.
• The stock is currently trading at $0.54, with a 12-month range between $0.50 and $2.08, and has a market cap of approximately $52.46 million.
• Recent insider trading activity includes sales by EVP Monica L. Greenberg and CEO Anthony John Sabino, indicating a combined 12.98% decrease in their ownership stakes.

LivePerson (NASDAQ:LPSN - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered LivePerson from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $1.00.

LivePerson Stock Up 0.4%

LivePerson stock opened at $0.54 on Wednesday. LivePerson has a 12-month low of $0.50 and a 12-month high of $2.08. The business's 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.85. The stock has a market cap of $52.46 million, a PE ratio of -0.27 and a beta of 1.39.

Insiders Place Their Bets

In other news, EVP Monica L. Greenberg sold 157,203 shares of the business's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $0.64, for a total transaction of $100,609.92. Following the completion of the sale, the executive vice president owned 1,192,230 shares in the company, valued at $763,027.20. The trade was a 11.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony John Sabino sold 96,062 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $0.69, for a total value of $66,282.78. Following the sale, the chief executive officer owned 2,756,234 shares of the company's stock, valued at approximately $1,901,801.46. This represents a 3.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,703,495 shares of company stock valued at $2,431,033 in the last 90 days. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On LivePerson

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in LivePerson during the first quarter worth $26,000. XTX Topco Ltd bought a new stake in LivePerson during the second quarter worth $246,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in LivePerson by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after buying an additional 26,163 shares in the last quarter. Institutional investors own 79.83% of the company's stock.

LivePerson Company 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.

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