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

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 equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

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

LivePerson Stock Performance

NASDAQ:LPSN opened at $0.93 on Friday. The stock has a 50-day simple moving average of $1.01 and a two-hundred day simple moving average of $0.90. LivePerson has a 52-week low of $0.61 and a 52-week high of $2.08. The firm has a market capitalization of $89.86 million, a PE ratio of -0.47 and a beta of 1.46.

Insider Buying and Selling

In other news, major shareholder Vector Capital Management, L.P sold 955,412 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $0.99, for a total transaction of $945,857.88. Following the transaction, the insider owned 9,237,053 shares of the company's stock, valued at approximately $9,144,682.47. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony John Sabino sold 68,088 shares of the company'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 transaction, the chief executive officer directly owned 2,852,296 shares in the company, valued at approximately $2,139,222. This represents a 2.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,012,664 shares of company stock worth $1,996,054. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP grew its stake in LivePerson by 42.0% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LivePerson by 7.0% in the first 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 in the last quarter. XTX Topco Ltd bought a new position in LivePerson in the second quarter worth approximately $246,000. Bridgeway Capital Management LLC bought a new position in LivePerson in the fourth quarter worth approximately $152,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in LivePerson by 146.1% in 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 in the last quarter. Institutional investors own 79.83% of the company's stock.

LivePerson Company Profile

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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