Schwab Charles Investment Management Inc. Has $3.79 Million Holdings in LivePerson, Inc. (LPSN)

Schwab Charles Investment Management Inc. raised its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 24.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,556 shares of the technology company’s stock after acquiring an additional 54,412 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in LivePerson were worth $3,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. WINTON GROUP Ltd bought a new stake in LivePerson during the 3rd quarter valued at $2,245,000. Wells Fargo & Company MN raised its holdings in LivePerson by 92.0% during the 3rd quarter. Wells Fargo & Company MN now owns 89,325 shares of the technology company’s stock valued at $1,210,000 after acquiring an additional 42,790 shares during the period. JPMorgan Chase & Co. raised its holdings in LivePerson by 8.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,540 shares of the technology company’s stock valued at $1,012,000 after acquiring an additional 5,773 shares during the period. Private Advisory Group LLC bought a new stake in LivePerson during the 3rd quarter valued at $339,000. Finally, Cortina Asset Management LLC raised its holdings in LivePerson by 124.7% during the 3rd quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock valued at $6,501,000 after acquiring an additional 266,293 shares during the period. 75.79% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on LPSN shares. Needham & Company LLC started coverage on shares of LivePerson in a report on Thursday, September 21st. They set a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Benchmark boosted their target price on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $17.50 target price (up previously from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Finally, B. Riley started coverage on shares of LivePerson in a report on Thursday, December 14th. They set a “buy” rating and a $16.50 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. LivePerson presently has an average rating of “Buy” and an average target price of $15.23.

LivePerson, Inc. (LPSN) opened at $12.55 on Friday. LivePerson, Inc. has a 1 year low of $5.43 and a 1 year high of $15.10.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $54.49 million during the quarter, compared to analyst estimates of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. research analysts forecast that LivePerson, Inc. will post -0.02 earnings per share for the current year.

In other news, CFO Daniel Richard Murphy sold 2,493 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total transaction of $28,544.85. Following the completion of the transaction, the chief financial officer now directly owns 82,185 shares in the company, valued at approximately $941,018.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total transaction of $31,819.55. Following the transaction, the chief executive officer now owns 73,656 shares of the company’s stock, valued at $843,361.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,440 shares of company stock valued at $85,188 over the last 90 days. Company insiders own 11.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2018/01/14/schwab-charles-investment-management-inc-has-3-79-million-holdings-in-liveperson-inc-lpsn.html.

LivePerson 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.

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit