LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $5.80 and last traded at $5.84, with a volume of 164766 shares trading hands. The stock had previously closed at $6.10.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on LPSN shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LivePerson in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of LivePerson from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, LivePerson currently has an average rating of "Reduce" and an average target price of $15.00.
Check Out Our Latest Stock Analysis on LPSN
LivePerson Trading Up 0.4%
The company has a market capitalization of $591.80 million, a P/E ratio of -3.08 and a beta of 1.39. The firm's 50 day moving average price is $0.84 and its two-hundred day moving average price is $0.84.
Insider Activity
In other news, EVP Monica L. Greenberg sold 10,480 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $9.60, for a total value of $100,608.00. Following the completion of the transaction, the executive vice president owned 79,482 shares in the company, valued at $763,027.20. This trade represents a 11.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey Ford sold 3,936 shares of LivePerson stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $9.60, for a total value of $37,785.60. Following the completion of the sale, the chief accounting officer directly owned 27,107 shares in the company, valued at approximately $260,227.20. This represents a 12.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,229 shares of company stock worth $2,430,982. 2.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On LivePerson
Several hedge funds and other institutional investors have recently made changes to their positions in LPSN. Charles Schwab Investment Management Inc. raised its holdings in shares of LivePerson by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock valued at $318,000 after purchasing an additional 26,163 shares during the period. XTX Topco Ltd acquired a new position in LivePerson during the second quarter worth approximately $246,000. Finally, Virtu Financial LLC acquired a new position in LivePerson during the first quarter worth approximately $26,000. 79.83% of the stock is owned by institutional investors.
LivePerson Company Profile
(
Get Free Report)
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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