LivePerson, Inc. (LPSN) EVP Sells $117,852.16 in Stock

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LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 4,352 shares of LivePerson stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $27.08, for a total transaction of $117,852.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Monica L. Greenberg also recently made the following trade(s):

  • On Saturday, March 16th, Monica L. Greenberg sold 1,424 shares of LivePerson stock. The stock was sold at an average price of $28.82, for a total transaction of $41,039.68.

Shares of LPSN traded up $0.66 during trading hours on Wednesday, reaching $27.70. 564,400 shares of the company traded hands, compared to its average volume of 661,433. The firm has a market capitalization of $1.75 billion, a P/E ratio of -120.43 and a beta of 1.16. LivePerson, Inc. has a 12-month low of $16.98 and a 12-month high of $30.91. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.96.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.06). The company had revenue of $66.40 million for the quarter, compared to analysts’ expectations of $66.14 million. LivePerson had a negative net margin of 15.78% and a negative return on equity of 13.56%. Analysts predict that LivePerson, Inc. will post -0.5 earnings per share for the current year.

LPSN has been the subject of several recent analyst reports. B. Riley set a $32.00 price objective on shares of LivePerson and gave the stock a “buy” rating in a research note on Friday, February 22nd. 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 objective for the company. Zacks Investment Research raised shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. 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 objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of LivePerson in a research note on Friday, February 22nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.43.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 acquiring an additional 1,029 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in shares of LivePerson by 159.3% in the fourth quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock valued at $161,000 after acquiring an additional 5,258 shares in the last quarter. M&T Bank Corp bought a new stake in shares of LivePerson in the first quarter valued at about $235,000. Virtu Financial LLC bought a new stake in shares of LivePerson in the first quarter valued at about $236,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of LivePerson in the first quarter valued at about $242,000. 83.99% of the stock is owned by hedge funds and other institutional investors.

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About LivePerson

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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