LivePerson (NASDAQ:LPSN) Shares Set to Reverse Split on Monday, October 13th

Key Points

• LivePerson, Inc. is set to execute a 1-for-15 reverse stock split on October 13th, adjusting the number of shares owned by its shareholders after market close on October 12th.
• Recent analyst reports have resulted in a consensus rating of "Reduce" for LivePerson stock, with a target price of $1.00, reflecting concerns about the company's performance.
• Insider trading activity has seen significant sales, with CEO Anthony John Sabino and EVP Monica L. Greenberg each selling a total of over 250,000 shares recently, indicating a potential lack of confidence among executives.

LivePerson, Inc. (NASDAQ:LPSN - Free Report)'s stock is set to reverse split on Monday, October 13th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 12th.

LivePerson Stock Performance

LPSN stock traded down $0.11 during mid-day trading on Thursday, reaching $0.43. 16,353,413 shares of the stock traded hands, compared to its average volume of 2,997,834. LivePerson has a one year low of $0.43 and a one year high of $2.08. The stock has a market capitalization of $41.91 million, a PE ratio of -0.22 and a beta of 1.39. The business has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $0.84.

Wall Street Analysts Forecast Growth

LPSN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of LivePerson in a research report on Wednesday. Wall Street Zen lowered LivePerson from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $1.00.

Insider Activity at LivePerson

In other LivePerson news, CEO Anthony John Sabino sold 96,062 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $0.69, for a total transaction 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 trade represents a 3.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 157,203 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $0.64, for a total value of $100,609.92. Following the sale, the executive vice president directly owned 1,192,230 shares in the company, valued at $763,027.20. This trade represents a 11.65% 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 worth $2,431,033 over the last three months. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On LivePerson

Several large investors have recently bought and sold shares of LPSN. Virtu Financial LLC acquired a new position in shares of LivePerson during the 1st quarter worth approximately $26,000. XTX Topco Ltd acquired a new stake in shares of LivePerson during the 2nd quarter worth about $246,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in LivePerson by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock valued at $318,000 after acquiring an additional 26,163 shares in the last quarter. 79.83% of the stock is currently 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.

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