Raymond James & Associates Sells 54,587 Shares of LivePerson, Inc. (LPSN)

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Raymond James & Associates decreased its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 79.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,717 shares of the technology company’s stock after selling 54,587 shares during the quarter. Raymond James & Associates’ holdings in LivePerson were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LPSN. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LivePerson by 26.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock worth $92,000 after purchasing an additional 1,029 shares during the period. Meeder Asset Management Inc. increased its stake in LivePerson by 818.5% during the fourth quarter. Meeder Asset Management Inc. now owns 5,263 shares of the technology company’s stock worth $100,000 after purchasing an additional 4,690 shares during the period. Piedmont Investment Advisors Inc. increased its stake in LivePerson by 5.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,894 shares of the technology company’s stock worth $262,000 after purchasing an additional 659 shares during the period. WINTON GROUP Ltd increased its stake in LivePerson by 13.0% during the fourth quarter. WINTON GROUP Ltd now owns 19,031 shares of the technology company’s stock worth $359,000 after purchasing an additional 2,182 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in LivePerson by 5.1% during the fourth quarter. State of Alaska Department of Revenue now owns 19,508 shares of the technology company’s stock worth $367,000 after purchasing an additional 948 shares during the period. 80.51% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of LivePerson in a research note on Friday, February 22nd. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Jefferies Financial Group started coverage on shares of LivePerson in a research note on Monday, April 1st. They set a “buy” rating and a $36.00 target price on the stock. Finally, Benchmark restated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of LivePerson in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.39.

LPSN stock opened at $29.40 on Monday. The company has a market capitalization of $1.89 billion, a PE ratio of -127.83 and a beta of 1.18. LivePerson, Inc. has a twelve month low of $15.55 and a twelve month high of $30.28.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $65.72 million during the quarter, compared to analyst estimates of $64.91 million. LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%. Sell-side analysts predict that LivePerson, Inc. will post -0.48 EPS for the current fiscal year.

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LivePerson Profile

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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