Fox Run Management L.L.C. bought a new position in shares of LivePerson, Inc. (NASDAQ:LPSN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,100 shares of the technology company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LPSN. Bank of New York Mellon Corp increased its stake in LivePerson by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 711,533 shares of the technology company’s stock worth $4,874,000 after buying an additional 21,592 shares during the period. Ameriprise Financial Inc. increased its stake in LivePerson by 6.2% during the 1st quarter. Ameriprise Financial Inc. now owns 283,722 shares of the technology company’s stock worth $1,943,000 after buying an additional 16,555 shares during the period. Parametric Portfolio Associates LLC increased its stake in LivePerson by 0.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock worth $1,053,000 after buying an additional 1,214 shares during the period. JPMorgan Chase & Co. increased its stake in LivePerson by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 275,860 shares of the technology company’s stock worth $1,889,000 after buying an additional 7,731 shares during the period. Finally, Arizona State Retirement System increased its stake in LivePerson by 1.1% during the 1st quarter. Arizona State Retirement System now owns 27,792 shares of the technology company’s stock worth $190,000 after buying an additional 300 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LivePerson, Inc. (LPSN) opened at $12.10 on Monday. LivePerson, Inc. has a 52-week low of $5.43 and a 52-week high of $15.10.

LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The business had revenue of $54.49 million during the quarter, compared to analysts’ expectations of $54.55 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. sell-side analysts forecast that LivePerson, Inc. will post -0.03 earnings per share for the current fiscal year.

Several brokerages recently weighed in on LPSN. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of LivePerson in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Benchmark Co. increased their price objective on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Northland Securities reissued a “buy” rating and issued a $15.00 price objective on shares of LivePerson in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. LivePerson presently has a consensus rating of “Buy” and an average price target of $13.92.

In other news, Director David Vaskevitch sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $13.05, for a total value of $652,500.00. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $456,750. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Daniel Richard Murphy sold 2,300 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the completion of the transaction, the chief financial officer now owns 84,678 shares of the company’s stock, valued at approximately $1,160,935.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,374 shares of company stock valued at $796,159. Company insiders own 11.70% of the company’s stock.

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LivePerson Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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