JPMorgan Chase & Co. Has $1.01 Million Holdings in LivePerson, Inc. (LPSN)
JPMorgan Chase & Co. raised its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,540 shares of the technology company’s stock after buying an additional 5,773 shares during the period. JPMorgan Chase & Co. owned about 0.13% of LivePerson worth $1,012,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in LivePerson during the second quarter valued at about $128,000. BlueCrest Capital Management Ltd purchased a new stake in LivePerson during the second quarter valued at about $131,000. BNP Paribas Arbitrage SA boosted its position in LivePerson by 53.3% during the second quarter. BNP Paribas Arbitrage SA now owns 16,894 shares of the technology company’s stock valued at $186,000 after buying an additional 5,876 shares during the period. Advisor Group Inc. purchased a new stake in LivePerson during the third quarter valued at about $189,000. Finally, Fox Run Management L.L.C. purchased a new stake in LivePerson during the third quarter valued at about $205,000. Institutional investors and hedge funds own 75.79% of the company’s stock.
In other news, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $11.45, for a total transaction of $31,819.55. Following the completion of the sale, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel Richard Murphy sold 2,493 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $28,544.85. Following the sale, the chief financial officer now owns 82,185 shares of the company’s stock, valued at $941,018.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,440 shares of company stock valued at $85,188. 11.70% of the stock is currently owned by company insiders.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Needham & Company LLC assumed coverage on shares of LivePerson in a research report on Thursday, September 21st. They set a “buy” rating and a $16.00 price target for the company. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $17.50 price target (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Benchmark upped their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, B. Riley assumed coverage on shares of LivePerson in a research report on Thursday, December 14th. They set a “buy” rating and a $16.50 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.23.
Shares of LivePerson, Inc. (NASDAQ:LPSN) opened at $12.55 on Friday. The firm has a market cap of $747.03, a PE ratio of -29.19 and a beta of 1.19. LivePerson, Inc. has a 1-year low of $5.43 and a 1-year high of $15.10.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $54.49 million during the quarter, compared to analyst estimates of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. LivePerson’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share. analysts expect that LivePerson, Inc. will post -0.02 EPS for the current fiscal year.
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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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