Shares of LivePerson, Inc. (NASDAQ:LPSN) reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.00 and last traded at $28.79, with a volume of 7462 shares trading hands. The stock had previously closed at $28.58.

Several analysts have commented on LPSN shares. Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. BidaskClub cut LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Summit Insights started coverage on LivePerson in a report on Friday, December 21st. They issued a “buy” rating and a $18.56 price target for the company. Finally, Oppenheimer upgraded LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Thursday, January 24th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.60.

The company has a market cap of $1.83 billion, a price-to-earnings ratio of -125.61 and a beta of 1.19.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $65.72 million during the quarter, compared to analyst estimates of $64.91 million. LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%. As a group, research analysts expect that LivePerson, Inc. will post -0.49 EPS for the current fiscal year.

In other news, EVP Monica L. Greenberg sold 2,044 shares of LivePerson stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $18.82, for a total value of $38,468.08. Following the transaction, the executive vice president now directly owns 18,082 shares of the company’s stock, valued at approximately $340,303.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert P. Locascio sold 3,405 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $18.82, for a total value of $64,082.10. Following the transaction, the chief executive officer now directly owns 312,834 shares in the company, valued at $5,887,535.88. The disclosure for this sale can be found here. Insiders sold a total of 52,472 shares of company stock worth $953,572 over the last ninety days. Corporate insiders own 11.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in LivePerson by 2.6% during the 4th quarter. BlackRock Inc. now owns 8,669,909 shares of the technology company’s stock worth $163,516,000 after acquiring an additional 216,190 shares in the last quarter. Vanguard Group Inc. lifted its position in LivePerson by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,739,844 shares of the technology company’s stock worth $148,949,000 after acquiring an additional 247,448 shares in the last quarter. Vanguard Group Inc lifted its position in LivePerson by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 5,739,844 shares of the technology company’s stock worth $148,949,000 after acquiring an additional 247,448 shares in the last quarter. FMR LLC lifted its position in LivePerson by 7.2% during the 3rd quarter. FMR LLC now owns 3,791,378 shares of the technology company’s stock worth $98,386,000 after acquiring an additional 255,264 shares in the last quarter. Finally, Vista Equity Partners Management LLC raised its position in shares of LivePerson by 216.3% in the 3rd quarter. Vista Equity Partners Management LLC now owns 939,605 shares of the technology company’s stock valued at $24,383,000 after purchasing an additional 642,548 shares in the last quarter. 80.51% of the stock is currently owned by hedge funds and other institutional investors.

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LivePerson Company Profile (NASDAQ:LPSN)

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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