LivePerson (NASDAQ:LPSN) Stock Passes Above 200-Day Moving Average After Insider Selling

Key Points

• LivePerson shares have crossed above their 200-day moving average of $0.93, reaching a trading high of $1.04 amidst significant insider buying activity.
• Wall Street analysts have mixed views on LivePerson, with Needham & Company maintaining a "hold" rating while Wall Street Zen downgraded it to a "sell".
• Institutional investors own 79.83% of LivePerson, with several firms like Virtu Financial and Point72 increasing their stakes significantly in recent quarters.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a two hundred day moving average of $0.93 and traded as high as $1.04. LivePerson shares last traded at $0.99, with a volume of 2,194,185 shares.

Wall Street Analysts Forecast Growth

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

LivePerson Price Performance

The company has a market capitalization of $101.93 million, a price-to-earnings ratio of -0.53 and a beta of 1.61. The firm has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $0.93.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP boosted its position in LivePerson by 42.0% during 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. XTX Topco Ltd purchased a new position in LivePerson in the 2nd quarter worth approximately $246,000. Bridgeway Capital Management LLC acquired a new position in shares of LivePerson during the 4th quarter worth approximately $152,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of LivePerson by 146.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company's stock worth $112,000 after purchasing an additional 43,804 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of LivePerson in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 79.83% of the company's stock.

About LivePerson

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.