LivePerson, Inc. (LPSN) Shares Bought by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC raised its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,725 shares of the technology company’s stock after buying an additional 12,214 shares during the period. TIAA CREF Investment Management LLC owned 0.49% of LivePerson worth $1,944,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Eqis Capital Management Inc. raised its stake in LivePerson by 1.7% in the first quarter. Eqis Capital Management Inc. now owns 14,715 shares of the technology company’s stock worth $101,000 after buying an additional 243 shares during the period. Highbridge Capital Management LLC acquired a new stake in LivePerson during the fourth quarter worth about $147,000. State Street Corp raised its stake 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 period. Comerica Bank raised its stake in LivePerson by 3.7% in the first quarter. Comerica Bank now owns 58,893 shares of the technology company’s stock worth $422,000 after buying an additional 2,104 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in LivePerson during the first quarter worth about $187,000. 74.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LivePerson, Inc. (LPSN) opened at 12.95 on Tuesday. The firm’s market cap is $762.76 million. The firm has a 50-day moving average price of $11.69 and a 200-day moving average price of $8.76. LivePerson, Inc. has a 12-month low of $5.43 and a 12-month high of $14.05.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The business had revenue of $54.10 million during the quarter, compared to the consensus estimate of $51.33 million. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. LivePerson’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. Equities research analysts anticipate that LivePerson, Inc. will post $0.10 EPS for the current year.
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LPSN has been the topic of a number of research analyst reports. Northland Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of LivePerson in a report on Tuesday, July 25th. Zacks Investment Research lowered LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. TheStreet raised LivePerson from a “d+” rating to a “c” rating in a report on Friday, May 26th. Roth Capital raised their target price on LivePerson from $10.00 to $15.00 in a report on Tuesday, June 20th. Finally, Craig Hallum raised LivePerson from a “hold” rating to a “buy” rating and raised their target price for the company from $8.60 to $8.85 in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. LivePerson has a consensus rating of “Buy” and an average price target of $12.14.
In other LivePerson news, EVP Dustin Dean sold 47,292 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $9.83, for a total value of $464,880.36. Following the sale, the executive vice president now owns 8,700 shares in the company, valued at $85,521. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Vaskevitch sold 48,600 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 20,000 shares in the company, valued at approximately $227,000. The disclosure for this sale can be found here. Insiders sold 157,475 shares of company stock worth $1,721,430 in the last 90 days. Corporate insiders own 11.70% of the company’s stock.
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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