LivePerson, Inc. (LPSN) CEO Sells $35,133.52 in Stock
LivePerson, Inc. (NASDAQ:LPSN) CEO Robert P. Locascio sold 2,572 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $13.66, for a total transaction of $35,133.52. Following the transaction, the chief executive officer now owns 76,435 shares in the company, valued at approximately $1,044,102.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
LivePerson, Inc. (LPSN) traded up 1.09% during midday trading on Friday, hitting $13.85. 455,281 shares of the company were exchanged. The stock has a 50 day moving average of $13.19 and a 200 day moving average of $10.21. The firm’s market capitalization is $815.77 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 data on Wednesday, July 26th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The business had revenue of $54.10 million for the quarter, compared to the consensus estimate of $51.33 million. During the same period in the previous year, the firm earned ($0.04) EPS. The company’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that LivePerson, Inc. will post $0.10 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new stake in LivePerson during the first quarter worth about $102,000. State of Alaska Department of Revenue boosted its stake in LivePerson by 79.5% during the second quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock worth $116,000 after acquiring an additional 4,700 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in LivePerson during the second quarter worth about $128,000. BlueCrest Capital Management Ltd bought a new stake in LivePerson during the second quarter worth about $131,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in LivePerson by 5.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock worth $138,000 after acquiring an additional 650 shares in the last quarter. 74.86% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on LPSN. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC began coverage on shares of LivePerson in a report on Thursday. They set a “buy” rating and a $16.00 price objective on the stock. Northland Securities reiterated a “buy” rating and set a $15.00 price objective on shares of LivePerson in a report on Friday, September 1st. Roth Capital upped their price objective on shares of LivePerson from $10.00 to $15.00 in a report on Tuesday, June 20th. Finally, Benchmark Co. upped their price objective on shares of LivePerson from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $12.84.
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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