LivePerson Inc. (NASDAQ:LPSN) CEO Robert P. Locascio sold 2,581 shares of LivePerson stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $8.16, for a total value of $21,060.96. Following the completion of the transaction, the chief executive officer now owns 87,120 shares in the company, valued at $710,899.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of LivePerson Inc. (NASDAQ:LPSN) opened at 8.40 on Thursday. The firm’s 50-day moving average price is $7.73 and its 200-day moving average price is $6.73. LivePerson Inc. has a 12 month low of $3.74 and a 12 month high of $8.43. The firm’s market cap is $485.34 million.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. LivePerson had a negative return on equity of 2.86% and a negative net margin of 11.68%. The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.70 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts expect that LivePerson Inc. will post ($0.05) earnings per share for the current year.

Several brokerages recently weighed in on LPSN. Zacks Investment Research downgraded LivePerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. Benchmark Co. upgraded LivePerson from a “hold” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $9.00 in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.56.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogle Investment Management L P DE purchased a new position in LivePerson during the first quarter worth approximately $1,017,000. RGM Capital LLC boosted its stake in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,818,620 shares of the company’s stock valued at $28,189,000 after buying an additional 210,433 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of LivePerson during the second quarter valued at about $932,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of LivePerson by 5.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 44,281 shares of the company’s stock valued at $259,000 after buying an additional 2,124 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of LivePerson by 81.4% in the first quarter. Renaissance Technologies LLC now owns 989,800 shares of the company’s stock valued at $5,790,000 after buying an additional 444,200 shares during the last quarter. Institutional investors own 73.37% of the company’s stock.

About LivePerson

LivePerson, Inc (Liveperson) is a provider of mobile and online 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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