LivePerson (LPSN) Shares Up 5.2%
LivePerson, Inc. (NASDAQ:LPSN) shot up 5.2% during trading on Tuesday . The stock traded as high as $13.25 and last traded at $13.10. 644,068 shares changed hands during trading, an increase of 66% from the average session volume of 388,187 shares. The stock had previously closed at $12.45.
Several brokerages have commented on LPSN. Zacks Investment Research lowered LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of LivePerson in a research note on Wednesday, November 1st. Oppenheimer reiterated a “hold” rating on shares of LivePerson in a research note on Friday, January 26th. Finally, B. Riley initiated coverage on LivePerson in a research note on Thursday, December 14th. They issued a “buy” rating and a $16.50 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. LivePerson presently has an average rating of “Buy” and a consensus target price of $15.23.
The company has a market capitalization of $779.77, a P/E ratio of -30.47 and a beta of 1.20.
Hedge funds have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new stake in LivePerson during the 2nd quarter valued at approximately $128,000. Ellington Management Group LLC acquired a new stake in LivePerson during the 4th quarter valued at approximately $146,000. Miles Capital Inc. acquired a new stake in LivePerson during the 4th quarter valued at approximately $169,000. Public Employees Retirement System of Ohio acquired a new stake in LivePerson during the 3rd quarter valued at approximately $177,000. Finally, Advisor Group Inc. acquired a new stake in LivePerson during the 3rd quarter valued at approximately $189,000. Institutional investors and hedge funds own 75.76% of the company’s stock.
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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.
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