William Wesemann Sells 4,000 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) Director William Wesemann sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $40.00, for a total value of $160,000.00. Following the sale, the director now owns 150,000 shares of the company’s stock, valued at approximately $6,000,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NASDAQ:LPSN opened at $41.43 on Wednesday. LivePerson, Inc. has a 1 year low of $14.08 and a 1 year high of $45.21. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -23.15 and a beta of 1.24. The business has a fifty day moving average of $36.73 and a 200-day moving average of $32.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.68 and a current ratio of 1.68.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.01. LivePerson had a negative return on equity of 57.59% and a negative net margin of 37.65%. The company had revenue of $78.09 million during the quarter, compared to analysts’ expectations of $77.08 million. On average, equities research analysts predict that LivePerson, Inc. will post -1.33 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in LivePerson by 6.3% during the first quarter. State Street Corp now owns 1,901,500 shares of the technology company’s stock valued at $43,259,000 after buying an additional 112,778 shares in the last quarter. Royal Bank of Canada boosted its stake in LivePerson by 6.2% during the first quarter. Royal Bank of Canada now owns 280,019 shares of the technology company’s stock valued at $6,371,000 after buying an additional 16,322 shares in the last quarter. AXA boosted its stake in LivePerson by 10.2% during the first quarter. AXA now owns 115,690 shares of the technology company’s stock valued at $2,632,000 after buying an additional 10,690 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in LivePerson by 30.0% during the first quarter. State of Tennessee Treasury Department now owns 28,335 shares of the technology company’s stock valued at $644,000 after buying an additional 6,535 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in LivePerson by 7.2% during the first quarter. Public Employees Retirement Association of Colorado now owns 10,076 shares of the technology company’s stock valued at $229,000 after buying an additional 679 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

LPSN has been the topic of several recent research reports. Craig Hallum reduced their price target on LivePerson from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. KeyCorp reduced their price target on LivePerson from $43.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer reissued a “hold” rating on shares of LivePerson in a research report on Wednesday, May 6th. Northland Securities upped their target price on LivePerson from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Finally, B. Riley upped their target price on LivePerson from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.85.

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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