LivePerson, Inc. (NASDAQ:LPSN) Short Interest Update

LivePerson, Inc. (NASDAQ:LPSN) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 7,210,000 shares, a decrease of 25.1% from the October 31st total of 9,630,000 shares. Based on an average trading volume of 1,950,000 shares, the days-to-cover ratio is currently 3.7 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Craig Hallum cut shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, LivePerson has an average rating of “Hold” and a consensus price target of $1.25.

LivePerson Price Performance

Shares of NASDAQ LPSN traded up $0.04 during mid-day trading on Friday, hitting $0.98. 748,368 shares of the company traded hands, compared to its average volume of 2,884,501. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson has a 1 year low of $0.45 and a 1 year high of $3.98. The business has a 50 day moving average of $1.08 and a two-hundred day moving average of $0.99.

Insider Activity

In related news, CAO Jeffrey Ford sold 21,935 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $1.14, for a total transaction of $25,005.90. Following the completion of the sale, the chief accounting officer now directly owns 378,707 shares of the company’s stock, valued at approximately $431,725.98. This trade represents a 5.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Deneen Collins sold 130,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total transaction of $110,500.00. Following the completion of the transaction, the chief financial officer now directly owns 997,604 shares of the company’s stock, valued at approximately $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 237,061 shares of company stock worth $224,888 over the last three months. 9.00% of the stock is currently owned by corporate insiders.

Institutional Trading of LivePerson

Several institutional investors have recently made changes to their positions in LPSN. Los Angeles Capital Management LLC boosted its stake in shares of LivePerson by 3.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after acquiring an additional 12,273 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in LivePerson by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after purchasing an additional 15,032 shares during the last quarter. Wolverine Trading LLC raised its position in shares of LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of LivePerson in the second quarter worth $32,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of LivePerson by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after buying an additional 60,874 shares during the period. 79.83% of the stock is currently owned by institutional investors and hedge funds.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.