State of Alaska Department of Revenue Raises Stake in LivePerson, Inc. (NASDAQ:LPSN)
State of Alaska Department of Revenue boosted its position in LivePerson, Inc. (NASDAQ:LPSN) by 79.5% during the second quarter, Holdings Channel reports. The fund owned 10,610 shares of the technology company’s stock after buying an additional 4,700 shares during the period. State of Alaska Department of Revenue’s holdings in LivePerson were worth $116,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. RGM Capital LLC boosted its stake in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,926,756 shares of the technology company’s stock worth $33,748,000 after buying an additional 216,054 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of LivePerson by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,726,285 shares of the technology company’s stock worth $32,374,000 after buying an additional 257,516 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of LivePerson by 3.0% in the first quarter. Renaissance Technologies LLC now owns 1,769,800 shares of the technology company’s stock worth $12,123,000 after buying an additional 51,700 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake 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 last quarter. Finally, State Street Corp boosted its stake in shares of 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. Institutional investors and hedge funds own 74.00% of the company’s stock.
LivePerson, Inc. (NASDAQ:LPSN) remained flat at $12.80 during trading on Friday. The company had a trading volume of 354,701 shares. The stock’s 50-day moving average is $12.03 and its 200-day moving average is $9.03. The company’s market capitalization is $753.92 million. LivePerson, Inc. has a 1-year low of $5.43 and a 1-year high of $14.05.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. LivePerson had a negative return on equity of 22.17% and a negative net margin of 13.93%. The firm had revenue of $54.10 million for the quarter, compared to analysts’ expectations of $51.33 million. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts anticipate that LivePerson, Inc. will post $0.10 EPS for the current fiscal year.
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LPSN has been the subject of a number of research reports. 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 boosted their target price for the stock from $8.60 to $8.85 in a report on Thursday, May 11th. Benchmark Co. boosted 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 given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.14.
In other news, Director David Vaskevitch sold 37,135 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $11.40, for a total transaction of $423,339.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $228,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert P. Locascio sold 2,892 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $11.45, for a total value of $33,113.40. Following the transaction, the chief executive officer now directly owns 79,007 shares in the company, valued at approximately $904,630.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,475 shares of company stock worth $1,721,430. 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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