LivePerson, Inc. (LPSN) Shares Bought by Strs Ohio
Strs Ohio boosted its position in LivePerson, Inc. (NASDAQ:LPSN) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,300 shares of the technology company’s stock after buying an additional 11,400 shares during the quarter. Strs Ohio’s holdings in LivePerson were worth $796,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in LPSN. Gilder Gagnon Howe & Co. LLC increased its holdings in LivePerson by 49.6% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,803,619 shares of the technology company’s stock valued at $37,989,000 after buying an additional 930,164 shares during the last quarter. Castleark Management LLC bought a new stake in LivePerson in the second quarter valued at about $4,775,000. Cortina Asset Management LLC increased its holdings in LivePerson by 124.7% in the third quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock valued at $6,501,000 after buying an additional 266,293 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in LivePerson by 416.6% in the third quarter. Allianz Asset Management GmbH now owns 277,059 shares of the technology company’s stock valued at $3,754,000 after buying an additional 223,429 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in LivePerson by 66.1% in the third quarter. Prudential Financial Inc. now owns 462,249 shares of the technology company’s stock valued at $6,264,000 after buying an additional 183,920 shares during the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on LPSN shares. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a report on Wednesday, November 1st. B. Riley started coverage on LivePerson in a report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective for the company. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Oppenheimer reissued a “hold” rating on shares of LivePerson in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $15.23.
LivePerson, Inc. (LPSN) opened at $11.35 on Thursday. LivePerson, Inc. has a fifty-two week low of $5.43 and a fifty-two week high of $15.10.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ 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 return on equity of 4.41% and a negative net margin of 11.07%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. analysts expect that LivePerson, Inc. will post -0.02 EPS for the current 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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