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

Key Points

• Rating change: Wall Street Zen upgraded LivePerson from "sell" to "hold" while Weiss Ratings retained a "sell (e+)," leaving the consensus at "Reduce" (one Hold, one Sell).
• Stock and valuation: Shares plunged about 10.9%, opened at $5.09 with a market cap of $51.1M, a 52‑week range of $5.02–$31.20 and a negative P/E of -0.17.
• Insider selling: CEO Anthony Sabino and CAO Jeffrey Ford sold shares in September, with insiders offloading 50,593 shares (~$486,030) over the last quarter and now owning about 2% of the company.

LivePerson (NASDAQ:LPSN - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of LivePerson in a report on Thursday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce".

LivePerson Trading Down 10.9%

NASDAQ LPSN opened at $5.09 on Friday. The company's fifty day simple moving average is $8.03 and its 200-day simple moving average is $11.66. LivePerson has a 52 week low of $5.02 and a 52 week high of $31.20. The stock has a market cap of $51.10 million, a P/E ratio of -0.17 and a beta of 1.41.

Insider Buying and Selling at LivePerson

In related news, CEO Anthony John Sabino sold 6,404 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $10.35, for a total transaction of $66,281.40. Following the completion of the sale, the chief executive officer directly owned 183,748 shares of the company's stock, valued at $1,901,791.80. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey Ford sold 3,936 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $9.60, for a total value of $37,785.60. Following the sale, the chief accounting officer owned 27,107 shares of the company's stock, valued at $260,227.20. This trade represents a 12.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,593 shares of company stock valued at $486,030 over the last quarter. Company insiders own 2.00% of the company's stock.

Institutional Trading of LivePerson

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in LivePerson by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company's stock worth $2,233,000 after acquiring an additional 100,727 shares during the period. Calamos Advisors LLC bought a new stake in LivePerson in the third quarter worth $1,978,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of LivePerson during the 3rd quarter worth about $1,849,000. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $318,000 after acquiring an additional 26,163 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in LivePerson in the 2nd quarter worth approximately $246,000. Hedge funds and other 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.

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