Vanessa Pegueros Sells 30,000 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) Director Vanessa Pegueros sold 30,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the sale, the director now owns 139,993 shares in the company, valued at $125,993.70. This trade represents a 17.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LivePerson Stock Down 4.8 %

LPSN stock opened at $0.88 on Thursday. The company’s 50 day moving average price is $1.17 and its 200 day moving average price is $1.11. The firm has a market capitalization of $80.27 million, a price-to-earnings ratio of -0.57 and a beta of 1.51. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $2.08. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.23). The firm had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $68.12 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same period in the prior year, the company posted ($0.06) earnings per share. On average, equities research analysts anticipate that LivePerson, Inc. will post -0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LPSN shares. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, March 6th. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, LivePerson currently has a consensus rating of “Hold” and a consensus price target of $0.88.

Institutional Trading of LivePerson

A number of institutional investors have recently bought and sold shares of LPSN. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson in the 4th quarter valued at about $25,000. Avantax Advisory Services Inc. lifted its stake in LivePerson by 89.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after purchasing an additional 9,000 shares during the last quarter. Wolverine Trading LLC boosted its holdings in LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares in the last quarter. Marshall Wace LLP purchased a new position in LivePerson in the fourth quarter valued at approximately $57,000. Finally, Raymond James Financial Inc. acquired a new stake in LivePerson during the fourth quarter worth approximately $66,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.