Shares of LivePerson, Inc. (NASDAQ:LPSN) surpassed its two hundred day moving average during Tuesday’s trading session. The stock, which has a two hundred day moving average of $0.89, reached a high of $1.07. LivePerson shares closed at $1.04, with a trading volume of 1,833,111 shares.
Several equities analysts have commented on the stock. Craig Hallum raised their target price on LivePerson shares from $1.25 to $1.40 and gave the company a “buy” rating. StockNews.com upgraded the stock from “sell” to “hold.” Needham & Company LLC reiterated a “hold” rating. Barclays raised their target price from $0.75 to $1.00 and assigned an “underweight” rating. The consensus rating for LivePerson, according to MarketBeat.com, is “Hold” with an average price target of $1.32.
LivePerson reported its quarterly earnings results on July 31st. The technology company posted earnings per share of ($0.74) for the quarter, missing analysts’ consensus estimate of ($0.16) by ($0.58). LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. The company generated revenue of $79.88 million, surpassing analyst estimates of $77.62 million. Analysts predict that LivePerson, Inc. will post earnings per share of -0.41 for the current fiscal year.
In terms of insider activity, CFO John Deneen Collins sold 85,126 shares of LivePerson stock on September 16th at an average price of $1.05, totaling $89,382.30. Following the sale, Collins now holds 287,604 shares in the company. EVP Monica L. Greenberg also sold 34,441 shares on August 12th at an average price of $1.12, amounting to $38,573.92. Greenberg now owns 181,607 shares. Insiders have sold a total of 211,775 shares worth $233,347 in the last ninety days. Company insiders currently hold 9.00% of LivePerson’s stock.
Institutional investors have shown interest in LivePerson. Hedge funds such as Point72 DIFC Ltd, Options Solutions LLC, Victory Capital Management Inc., Point72 Asia Singapore Pte. Ltd., and Retirement Planning Co of New England Inc. have recently added to or reduced their stakes in the company.
LivePerson, Inc. specializes in conversational artificial intelligence. Its Conversational Cloud platform enables businesses to connect with consumers through various conversational channels, including voice, in-app, and mobile messaging.