Legal & General Group Plc Grows Stake in LivePerson, Inc. (LPSN)

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Legal & General Group Plc increased its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 125,229 shares of the technology company’s stock after acquiring an additional 2,351 shares during the quarter. Legal & General Group Plc’s holdings in LivePerson were worth $2,352,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. boosted its position in shares of LivePerson by 5.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 13,894 shares of the technology company’s stock valued at $262,000 after acquiring an additional 659 shares during the last quarter. State of Alaska Department of Revenue lifted its position in LivePerson by 5.1% in the fourth quarter. State of Alaska Department of Revenue now owns 19,508 shares of the technology company’s stock valued at $367,000 after buying an additional 948 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in LivePerson by 26.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock valued at $92,000 after buying an additional 1,029 shares during the last quarter. Comerica Bank lifted its position in LivePerson by 2.0% in the fourth quarter. Comerica Bank now owns 56,725 shares of the technology company’s stock valued at $1,271,000 after buying an additional 1,099 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in LivePerson by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 41,129 shares of the technology company’s stock valued at $776,000 after buying an additional 2,037 shares during the last quarter. 80.51% of the stock is currently owned by hedge funds and other institutional investors.

LPSN stock opened at $28.84 on Thursday. LivePerson, Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $30.28. The company has a market cap of $1.88 billion, a P/E ratio of -125.39 and a beta of 1.18.

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

LPSN has been the topic of a number of recent research reports. B. Riley set a $32.00 price target on shares of LivePerson and gave the stock a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Evercore ISI initiated coverage on shares of LivePerson in a research note on Thursday, March 7th. They set an “outperform” rating and a $34.00 price target on the stock. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Finally, Barclays initiated coverage on shares of LivePerson in a research note on Friday, March 8th. They set an “overweight” rating and a $27.45 price target on the stock. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.39.

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LivePerson Company 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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