LivePerson (NASDAQ:LPSN) Stock Rating Lowered by Wall Street Zen

Key Points

• LivePerson's stock rating has been downgraded from "hold" to "sell" by Wall Street Zen, indicating a negative outlook for the company's performance.
• Major shareholder Vector Capital Management sold over 252,000 shares, a move that reflects a 2.74% decrease in their ownership stake.
• Institutional investors currently own approximately 79.83% of LivePerson's stock, showcasing significant institutional interest in the company.

Wall Street Zen cut shares of LivePerson (NASDAQ:LPSN - Free Report) from a hold rating to a sell rating in a research report released on Saturday.

LivePerson Stock Performance

LivePerson stock remained flat at $0.69 during mid-day trading on Friday. The company's stock had a trading volume of 3,922,826 shares, compared to its average volume of 3,576,788. The company has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $0.88. The company has a market capitalization of $66.19 million, a PE ratio of -0.34 and a beta of 1.46. LivePerson has a 12 month low of $0.51 and a 12 month high of $2.08.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer owned 2,756,234 shares of the company's stock, valued at approximately $1,901,801.46. This represents a 3.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Vector Capital Management, L.P sold 955,412 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $0.99, for a total value of $945,857.88. Following the transaction, the insider directly owned 9,237,053 shares in the company, valued at $9,144,682.47. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,040,638 shares of company stock worth $2,011,271 in the last three months. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On LivePerson

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of LivePerson during the 1st quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. lifted its stake 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. XTX Topco Ltd purchased a new stake in shares of LivePerson during the 2nd quarter worth $246,000. Charles Schwab Investment Management Inc. lifted its stake in shares of LivePerson by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after purchasing an additional 26,163 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of LivePerson by 42.0% during the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock worth $1,377,000 after purchasing an additional 267,827 shares during the last quarter. Institutional investors 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.