JPMorgan Chase & Co. Increases Stake in LivePerson, Inc. (NASDAQ:LPSN)
JPMorgan Chase & Co. raised its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,860 shares of the technology company’s stock after buying an additional 7,731 shares during the period. JPMorgan Chase & Co.’s holdings in LivePerson were worth $1,889,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in 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 during the last quarter. Bank of New York Mellon Corp boosted its position in LivePerson by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 711,533 shares of the technology company’s stock worth $4,874,000 after buying an additional 21,592 shares during the last quarter. Ameriprise Financial Inc. boosted its position in LivePerson by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 283,722 shares of the technology company’s stock worth $1,943,000 after buying an additional 16,555 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in LivePerson by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock worth $1,053,000 after buying an additional 1,214 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in LivePerson during the first quarter worth about $453,000. Institutional investors own 72.86% of the company’s stock.
Shares of LivePerson, Inc. (LPSN) opened at 11.65 on Tuesday. The firm has a 50 day moving average price of $10.64 and a 200 day moving average price of $8.09. The stock’s market capitalization is $680.87 million. LivePerson, Inc. has a one year low of $5.43 and a one year high of $11.95.
LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, May 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $50.90 million during the quarter, compared to analyst estimates of $50.42 million. LivePerson had a negative return on equity of 9.65% and a negative net margin of 13.24%. LivePerson’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. Analysts predict that LivePerson, Inc. will post $0.09 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on LPSN shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of LivePerson in a report on Thursday, May 11th. Craig Hallum upgraded LivePerson from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.60 to $8.85 in a report on Thursday, May 11th. Benchmark Co. upped their target price on 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 LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Finally, TheStreet upgraded 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 issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $11.81.
In related news, CFO Daniel Richard Murphy sold 2,628 shares of LivePerson stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total value of $30,090.60. Following the completion of the transaction, the chief financial officer now directly owns 86,978 shares in the company, valued at $995,898.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert P. Locascio sold 2,892 shares of LivePerson stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total value of $33,113.40. Following the completion of the transaction, the chief executive officer now owns 79,007 shares of the company’s stock, valued at $904,630.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,075 shares of company stock valued at $553,996. 11.70% of the stock is currently owned by company insiders.
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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