Eqis Capital Management Inc. cut its position in LivePerson, Inc. (NASDAQ:LPSN) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.
A number of other institutional investors also recently added to or reduced their stakes in LPSN. Gilder Gagnon Howe & Co. LLC increased its position in LivePerson by 136.6% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,174,111 shares of the technology company’s stock worth $8,043,000 after buying an additional 677,792 shares during the last quarter. Vanguard Group Inc. increased its position in shares of LivePerson by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,726,285 shares of the technology company’s stock worth $32,374,000 after buying an additional 257,516 shares in the last quarter. RGM Capital LLC increased its position in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,926,756 shares of the technology company’s stock worth $33,748,000 after buying an additional 216,054 shares in the last quarter. Herald Investment Management Ltd increased its position in shares of LivePerson by 80.0% in the first quarter. Herald Investment Management Ltd now owns 450,000 shares of the technology company’s stock worth $3,060,000 after buying an additional 200,000 shares in the last quarter. Finally, State Street Corp increased its position in shares of LivePerson by 8.5% in the fourth quarter. State Street Corp now owns 1,156,840 shares of the technology company’s stock worth $8,737,000 after buying an additional 90,589 shares in the last quarter. 74.27% of the stock is owned by institutional investors.
Shares of LivePerson, Inc. (NASDAQ LPSN) opened at 12.95 on Friday. LivePerson, Inc. has a one year low of $5.43 and a one year high of $14.05. The company’s market capitalization is $762.76 million. The firm has a 50-day moving average of $12.26 and a 200-day moving average of $9.23.
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 consensus estimate of $0.02 by $0.01. LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The business had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. LivePerson’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts forecast that LivePerson, Inc. will post $0.10 earnings per share for the current year.
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A number of equities research analysts have recently commented on LPSN shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of LivePerson in a report on Thursday, May 11th. Craig Hallum upgraded shares of LivePerson from a “hold” rating to a “buy” rating and raised their target price for the stock from $8.60 to $8.85 in a report on Thursday, May 11th. Benchmark Co. raised their target price on shares of LivePerson from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Finally, TheStreet upgraded shares of LivePerson from a “d+” rating to a “c” rating in a report on Friday, May 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. LivePerson has a consensus rating of “Buy” and an average target price of $12.14.
In related news, Director David Vaskevitch sold 48,600 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $11.35, for a total value of $551,610.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $227,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert P. Locascio sold 2,892 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total transaction of $33,113.40. Following the completion of the transaction, the chief executive officer now directly owns 79,007 shares of the company’s stock, valued at approximately $904,630.15. The disclosure for this sale can be found here. Insiders sold a total of 110,183 shares of company stock valued at $1,256,549 in the last three months. 11.40% of the stock is currently owned by corporate insiders.
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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