LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros Sells 30,000 Shares

LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the sale, the director now owns 139,993 shares of the company’s stock, valued at $125,993.70. The trade was a 17.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LivePerson Price Performance

Shares of LPSN stock traded down $0.01 during trading hours on Tuesday, reaching $0.92. 554,816 shares of the company were exchanged, compared to its average volume of 3,140,636. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s fifty day moving average is $1.18 and its two-hundred day moving average is $1.11. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $2.08. The company has a market cap of $84.28 million, a price-to-earnings ratio of -0.60 and a beta of 1.51.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) earnings per share 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 business had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Sell-side analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of LivePerson

Institutional investors have recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its holdings in LivePerson by 89.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after purchasing an additional 9,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after acquiring an additional 15,032 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in LivePerson in the 4th quarter worth about $25,000. Wolverine Trading LLC increased its holdings in shares of LivePerson by 104.1% during the third 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. Finally, Mystic Asset Management Inc. grew its position in LivePerson by 57.5% during the fourth quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company’s stock worth $77,000 after buying an additional 18,600 shares in the last quarter. 79.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LPSN has been the subject of several recent analyst reports. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $0.88.

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.