Eqis Capital Management Inc. lowered its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 1.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,538 shares of the technology company’s stock after selling 177 shares during the period. Eqis Capital Management Inc.’s holdings in LivePerson were worth $160,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in LivePerson by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock worth $116,000 after buying an additional 4,700 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in LivePerson by 8.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 41,285 shares of the technology company’s stock worth $283,000 after buying an additional 3,307 shares during the period. Jane Street Group LLC boosted its stake in LivePerson by 105.7% in the first quarter. Jane Street Group LLC now owns 67,797 shares of the technology company’s stock worth $464,000 after buying an additional 34,838 shares during the period. Highbridge Capital Management LLC boosted its stake in LivePerson by 105.7% in the first quarter. Highbridge Capital Management LLC now owns 40,180 shares of the technology company’s stock worth $275,000 after buying an additional 20,645 shares during the period. Finally, Two Sigma Securities LLC bought a new position in LivePerson during the first quarter worth approximately $102,000. 74.00% of the stock is currently owned by institutional investors.
LivePerson, Inc. (NASDAQ LPSN) opened at 12.80 on Friday. The company has a 50-day moving average of $12.03 and a 200-day moving average of $9.03. The firm’s market cap is $753.92 million. LivePerson, Inc. has a 1-year low of $5.43 and a 1-year high of $14.05.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $54.10 million for the quarter, compared to analysts’ expectations of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. LivePerson’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. Analysts predict that LivePerson, Inc. will post $0.10 earnings per share for the current year.
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LPSN has been the topic of a number of research analyst reports. Northland Securities reiterated a “buy” rating and set a $14.00 price objective on shares of LivePerson in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. TheStreet upgraded shares of LivePerson from a “d+” rating to a “c” rating in a research report on Friday, May 26th. Roth Capital lifted their price target on shares of LivePerson from $10.00 to $15.00 in a research report on Tuesday, June 20th. Finally, Craig Hallum upgraded shares of LivePerson from a “hold” rating to a “buy” rating and lifted their price target for the stock from $8.60 to $8.85 in a research report on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. LivePerson currently has a consensus rating of “Buy” and a consensus price target of $12.14.
In other LivePerson news, EVP Dustin Dean sold 47,292 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $9.83, for a total transaction of $464,880.36. Following the sale, the executive vice president now directly owns 8,700 shares of the company’s stock, valued at $85,521. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Vaskevitch sold 48,600 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $11.35, for a total transaction of $551,610.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $227,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,475 shares of company stock worth $1,721,430. Insiders own 11.40% of the company’s stock.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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