Bank of New York Mellon Corp lifted its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 15.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 702,631 shares of the technology company’s stock after buying an additional 93,049 shares during the quarter. Bank of New York Mellon Corp’s holdings in LivePerson were worth $14,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LPSN. FMR LLC grew its holdings in shares of LivePerson by 306.5% during the second quarter. FMR LLC now owns 3,536,114 shares of the technology company’s stock worth $74,612,000 after buying an additional 2,666,254 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in LivePerson in the second quarter valued at approximately $16,735,000. BlackRock Inc. grew its holdings in LivePerson by 9.3% in the second quarter. BlackRock Inc. now owns 7,814,452 shares of the technology company’s stock valued at $164,886,000 after purchasing an additional 665,121 shares during the period. Intrinsic Edge Capital Management LLC purchased a new stake in LivePerson in the second quarter valued at approximately $7,385,000. Finally, EAM Investors LLC purchased a new stake in LivePerson in the second quarter valued at approximately $4,686,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

LivePerson stock opened at $18.51 on Thursday. LivePerson, Inc. has a 1 year low of $10.80 and a 1 year high of $27.40. The company has a market capitalization of $1.20 billion, a P/E ratio of -308.50 and a beta of 1.11.

LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, November 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). LivePerson had a negative net margin of 9.21% and a negative return on equity of 5.32%. The firm had revenue of $64.21 million during the quarter, compared to the consensus estimate of $62.55 million. During the same period in the previous year, the firm earned $0.05 earnings per share. LivePerson’s revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that LivePerson, Inc. will post -0.12 EPS for the current year.

In other LivePerson news, EVP Monica L. Greenberg sold 36,723 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $22.03, for a total transaction of $809,007.69. Following the completion of the sale, the executive vice president now directly owns 31,604 shares in the company, valued at $696,236.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eran Vanounou sold 6,875 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $22.80, for a total transaction of $156,750.00. Following the sale, the insider now owns 20,625 shares of the company’s stock, valued at $470,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,854 shares of company stock valued at $1,105,304. 11.50% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. B. Riley set a $32.00 target price on shares of LivePerson and gave the company a “buy” rating in a report on Friday, November 9th. Finally, LADENBURG THALM/SH SH restated a “buy” rating and issued a $27.00 target price on shares of LivePerson in a report on Friday, November 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.17.

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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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