LivePerson (NASDAQ:LPSN) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• LivePerson's stock has surpassed its 200-day moving average, trading at $1.07 with an average target price of $1.00.
• Recent insider transactions included major shareholder Vector Capital selling 252,776 shares and CEO Anthony John Sabino selling 68,088 shares, indicating a decrease in their respective positions.
• Despite some analysts maintaining a "hold" rating, Wall Street Zen has downgraded the stock to a "sell," reflecting mixed views on LivePerson's future performance.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.92 and traded as high as $1.08. LivePerson shares last traded at $1.07, with a volume of 1,164,637 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on LPSN. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th. Wall Street Zen cut LivePerson from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, LivePerson currently has an average rating of "Hold" and a consensus price target of $1.00.

LivePerson Price Performance

The company has a market capitalization of $90.05 million, a PE ratio of -0.47 and a beta of 1.46. The company has a 50 day moving average of $1.00 and a two-hundred day moving average of $0.91.

Insiders Place Their Bets

In other news, CEO Anthony John Sabino sold 68,088 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $0.75, for a total value of $51,066.00. Following the sale, the chief executive officer directly owned 2,852,296 shares of the company's stock, valued at approximately $2,139,222. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Vector Capital Management, L.P sold 252,776 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $0.98, for a total value of $247,720.48. Following the completion of the sale, the insider directly owned 8,984,277 shares in the company, valued at approximately $8,804,591.46. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,012,664 shares of company stock worth $1,996,054. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On LivePerson

A number of institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP grew its stake in shares of LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock worth $1,377,000 after acquiring an additional 267,827 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LivePerson by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after acquiring an additional 26,163 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of LivePerson in the second quarter worth $246,000. Bridgeway Capital Management LLC bought a new position in shares of LivePerson during the fourth quarter valued at $152,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of LivePerson by 146.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company's stock valued at $112,000 after purchasing an additional 43,804 shares in the last quarter. 79.83% of the stock is owned by hedge funds and other institutional investors.

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.