LivePerson (NASDAQ:LPSN) Rating Increased to Hold at Wall Street Zen

Key Points

• LivePerson has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a cautious sentiment among analysts regarding its stock performance.
• The current market consensus for LivePerson's stock is a hold rating with a target price set at $1.00, indicating limited upside potential in the near term.
• Insider trading activity has been notable, with major shareholders selling a significant number of shares, resulting in a 9.37% decrease in ownership for Vector Capital Management.

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

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of LivePerson in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1.00.

LivePerson Stock Performance

LPSN traded up $0.03 on Friday, hitting $0.95. The company had a trading volume of 840,424 shares, compared to its average volume of 1,828,577. LivePerson has a 12-month low of $0.61 and a 12-month high of $2.08. The stock has a market capitalization of $91.79 million, a price-to-earnings ratio of -0.48 and a beta of 1.46. The stock has a fifty day moving average price of $1.00 and a 200-day moving average price of $0.89.

Insider Activity at LivePerson

In other LivePerson news, major shareholder Vector Capital Management, L.P sold 252,776 shares of LivePerson stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $0.98, for a total transaction of $247,720.48. Following the transaction, the insider owned 8,984,277 shares of the company's stock, valued at $8,804,591.46. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony John Sabino sold 68,088 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $0.75, for a total value of $51,066.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,012,664 shares of company stock valued at $1,996,054. 2.00% of the stock is owned by company insiders.

Institutional Trading of LivePerson

A number of large investors have recently made changes to their positions in LPSN. Charles Schwab Investment Management Inc. raised 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 buying an additional 26,163 shares during the period. Virtu Financial LLC acquired a new position in LivePerson during the 1st quarter worth $26,000. Raymond James Financial Inc. acquired a new stake in shares of LivePerson in the fourth quarter valued at $66,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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. Finally, Bridgeway Capital Management LLC purchased a new position in LivePerson during the 4th quarter valued at about $152,000. 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.