LivePerson, Inc. (NASDAQ:LPSN) Receives Average Rating of “Reduce” from Brokerages

Shares of LivePerson, Inc. (NASDAQ:LPSN) have earned an average recommendation of “Reduce” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $0.88.

Several analysts recently commented on LPSN shares. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday.

Institutional Trading of LivePerson

A number of institutional investors have recently made changes to their positions in LPSN. GSA Capital Partners LLP purchased a new stake in shares of LivePerson during the 3rd quarter valued at about $513,000. Charles Schwab Investment Management Inc. lifted its stake in shares of LivePerson by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after purchasing an additional 15,032 shares during the period. Wolverine Trading LLC lifted its stake in shares of LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after purchasing an additional 16,385 shares during the period. XTX Topco Ltd lifted its stake in shares of LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after purchasing an additional 194,069 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of LivePerson in the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

LivePerson Stock Up 6.9 %

NASDAQ:LPSN opened at $0.98 on Monday. The firm’s 50-day moving average price is $1.24 and its 200-day moving average price is $1.12. The company has a market capitalization of $88.43 million, a PE ratio of -0.64 and a beta of 1.51. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. LivePerson has a 1-year low of $0.45 and a 1-year high of $2.08.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.23). LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. The firm had revenue of $73.21 million for the quarter, compared to analysts’ expectations of $68.12 million. During the same period last year, the company posted ($0.06) earnings per share. On average, equities analysts predict that LivePerson will post -0.41 EPS for the current fiscal year.

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.