LivePerson, Inc. (LPSN) Stake Increased by Principal Financial Group Inc.
Principal Financial Group Inc. increased its position in LivePerson, Inc. (NASDAQ:LPSN) by 3.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 415,815 shares of the technology company’s stock after buying an additional 14,251 shares during the period. Principal Financial Group Inc. owned 0.71% of LivePerson worth $2,849,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of LPSN. Gilder Gagnon Howe & Co. LLC boosted its position in shares of 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 period. 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 valued at $8,737,000 after buying an additional 90,589 shares during the period. 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 valued at $4,874,000 after buying an additional 21,592 shares during the period. 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 valued at $1,943,000 after buying an additional 16,555 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in LivePerson by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 275,860 shares of the technology company’s stock valued at $1,889,000 after buying an additional 7,731 shares during the period. Hedge funds and other institutional investors own 72.86% of the company’s stock.
LivePerson, Inc. (NASDAQ:LPSN) opened at 11.70 on Friday. The stock’s 50 day moving average price is $11.34 and its 200 day moving average price is $8.46. The company’s market cap is $683.79 million. LivePerson, Inc. has a 12-month low of $5.43 and a 12-month high of $12.00.
LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, May 10th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. LivePerson had a negative return on equity of 9.65% and a negative net margin of 13.24%. The business had revenue of $50.90 million during the quarter, compared to analysts’ expectations of $50.42 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. Equities research analysts anticipate that LivePerson, Inc. will post $0.09 EPS for the current year.
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Several research firms have recently weighed in on LPSN. Northland Securities set a $14.00 price objective on LivePerson and gave the company a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research cut LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Benchmark Co. lifted their price objective on LivePerson from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 12th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of LivePerson in a report on Thursday, May 11th. Finally, Craig Hallum upgraded LivePerson from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.60 to $8.85 in a report on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.81.
In related news, CFO Daniel Richard Murphy sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $11.45, for a total transaction of $30,090.60. Following the completion of the sale, the chief financial officer now owns 86,978 shares of the company’s stock, valued at $995,898.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dustin Dean sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $11.73, for a total value of $28,152.00. Following the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $832,677.51. The disclosure for this sale can be found here. Insiders have sold 57,475 shares of company stock valued at $582,148 in the last ninety days. 11.40% of the stock is currently owned by 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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