Mackenzie Financial Corp Boosts Stake in LivePerson, Inc. (NASDAQ:LPSN)

Mackenzie Financial Corp grew its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 50.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,901,409 shares of the technology company’s stock after acquiring an additional 976,231 shares during the period. Mackenzie Financial Corp owned about 4.16% of LivePerson worth $183,485,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of LivePerson by 6.1% in the 1st quarter. BlackRock Inc. now owns 10,219,340 shares of the technology company’s stock worth $538,967,000 after buying an additional 584,693 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of LivePerson by 31,240.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 319,364 shares of the technology company’s stock worth $16,843,000 after buying an additional 318,345 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of LivePerson by 560.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 339,999 shares of the technology company’s stock worth $17,932,000 after buying an additional 288,512 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of LivePerson by 100.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 526,546 shares of the technology company’s stock worth $27,770,000 after buying an additional 263,311 shares during the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in shares of LivePerson in the 1st quarter worth approximately $13,712,000. Hedge funds and other institutional investors own 99.33% of the company’s stock.

Shares of LivePerson stock opened at $67.31 on Wednesday. LivePerson, Inc. has a one year low of $47.62 and a one year high of $72.23. The stock’s fifty day moving average is $63.34 and its 200 day moving average is $58.69. The stock has a market cap of $4.70 billion, a P/E ratio of -48.08 and a beta of 1.14. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.58 and a current ratio of 3.58.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Tuesday, August 3rd. The technology company reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.12. The business had revenue of $119.61 million for the quarter, compared to analysts’ expectations of $112.91 million. LivePerson had a negative return on equity of 33.93% and a negative net margin of 22.21%. Analysts predict that LivePerson, Inc. will post -1.58 EPS for the current year.

LPSN has been the topic of several recent research reports. Barclays upped their price target on LivePerson from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, September 17th. They noted that the move was a valuation call. Needham & Company LLC cut their target price on LivePerson from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 4th. Jefferies Financial Group cut their target price on LivePerson from $65.00 to $60.00 in a research note on Friday, May 28th. TheStreet upgraded LivePerson from a “d+” rating to a “c-” rating in a research note on Wednesday, June 23rd. Finally, Zacks Investment Research downgraded LivePerson from a “hold” rating to a “sell” rating in a research note on Tuesday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $73.07.

About LivePerson

LivePerson, Inc engages in the provision of mobile and online messaging solutions. It operates through the following segments: Business, Consumer, and Corporate. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

See Also: Operating Income

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.