Shares of LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.98 and traded as high as $1.12. LivePerson shares last traded at $1.09, with a volume of 1,119,705 shares trading hands.
Analyst Upgrades and Downgrades
LPSN has been the topic of a number of analyst reports. Wall Street Zen downgraded LivePerson from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th.
Read Our Latest Stock Analysis on LivePerson
LivePerson Trading Up 1.9%
The firm has a market cap of $102.30 million, a price-to-earnings ratio of -0.50 and a beta of 1.62. The company has a 50 day moving average of $0.82 and a 200 day moving average of $0.99.
Insider Activity
In other LivePerson news, CEO Anthony John Sabino sold 68,088 shares of LivePerson stock in a transaction dated 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 owned 2,852,296 shares of the company's stock, valued at $2,139,222. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 71,059 shares of company stock valued at $53,146. Company insiders own 2.00% of the company's stock.
Hedge Funds Weigh In On LivePerson
Several hedge funds have recently modified their holdings of LPSN. Two Sigma Advisers LP grew its holdings in shares of LivePerson by 42.0% in the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock valued at $1,377,000 after acquiring an additional 267,827 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in shares of LivePerson in the 4th quarter valued at about $152,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in LivePerson by 146.1% during the fourth 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 period. Raymond James Financial Inc. bought a new position in LivePerson during the fourth quarter worth about $66,000. Finally, Marshall Wace LLP bought a new position in LivePerson during the fourth quarter worth about $57,000. Institutional investors own 79.83% of the company's stock.
About LivePerson
(
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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