LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.96 and traded as high as $0.97. LivePerson shares last traded at $0.91, with a volume of 1,417,752 shares.
Analysts Set New Price Targets
LPSN has been the subject of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th. Wall Street Zen cut shares of LivePerson from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.
Read Our Latest Stock Report on LivePerson
LivePerson Stock Down 10.2%
The firm has a market cap of $78.83 million, a P/E ratio of -0.39 and a beta of 1.61. The company's 50 day simple moving average is $0.88 and its 200-day simple moving average is $0.96.
Insider Activity
In other LivePerson news, CEO Anthony John Sabino sold 68,088 shares of LivePerson stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $0.75, for a total transaction of $51,066.00. Following the completion of the sale, the chief executive officer directly owned 2,852,296 shares in the company, valued at approximately $2,139,222. The trade was a 2.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold 97,485 shares of company stock valued at $81,345 in the last three months. Company insiders own 2.00% of the company's stock.
Institutional Investors Weigh In On LivePerson
Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in LivePerson in the 4th quarter valued at $57,000. Raymond James Financial Inc. purchased a new stake in shares of LivePerson during the fourth quarter worth $66,000. LPL Financial LLC lifted its position in shares of LivePerson by 140.2% during the 4th quarter. LPL Financial LLC now owns 56,571 shares of the technology company's stock worth $86,000 after purchasing an additional 33,021 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of LivePerson by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company's stock worth $1,175,000 after buying an additional 21,992 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of LivePerson in the 4th quarter valued at $152,000. 79.83% of the stock is owned by hedge funds and other institutional investors.
LivePerson Company Profile
(
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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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