Oppenheimer & Co. Inc. acquired a new stake in LivePerson, Inc. (NASDAQ:LPSN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,400 shares of the technology company’s stock, valued at approximately $476,000.
Other institutional investors and hedge funds have also modified their holdings of the company. MetLife Investment Advisors LLC lifted its position in LivePerson by 32.0% during the third quarter. MetLife Investment Advisors LLC now owns 38,715 shares of the technology company’s stock worth $1,005,000 after buying an additional 9,385 shares in the last quarter. GSA Capital Partners LLP purchased a new position in LivePerson during the fourth quarter worth approximately $327,000. Pembroke Management LTD lifted its position in LivePerson by 31.8% during the fourth quarter. Pembroke Management LTD now owns 306,038 shares of the technology company’s stock worth $5,772,000 after buying an additional 73,900 shares in the last quarter. Bank of New York Mellon Corp lifted its position in LivePerson by 9.6% during the third quarter. Bank of New York Mellon Corp now owns 770,002 shares of the technology company’s stock worth $19,982,000 after buying an additional 67,371 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in LivePerson by 6.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 73,601 shares of the technology company’s stock worth $1,281,000 after buying an additional 4,366 shares in the last quarter. 83.99% of the stock is currently owned by institutional investors.
Shares of NASDAQ:LPSN traded down $0.79 on Wednesday, hitting $28.18. 458,000 shares of the company’s stock were exchanged, compared to its average volume of 665,911. The stock has a market cap of $1.87 billion, a P/E ratio of -122.52 and a beta of 1.15. LivePerson, Inc. has a 1-year low of $16.98 and a 1-year high of $30.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.75 and a current ratio of 2.75.
LPSN has been the topic of a number of research analyst reports. B. Riley set a $32.00 target price on LivePerson and gave the company a “buy” rating in a research report on Friday, February 22nd. Evercore ISI initiated coverage on LivePerson in a research report on Thursday, March 7th. They issued an “outperform” rating and a $34.00 target price on the stock. Zacks Investment Research upgraded LivePerson from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. BidaskClub upgraded LivePerson from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Finally, Barclays started coverage on LivePerson in a report on Friday, March 8th. They issued an “overweight” rating and a $27.45 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. LivePerson has a consensus rating of “Buy” and an average target price of $31.43.
In related news, EVP Monica L. Greenberg sold 1,424 shares of the company’s stock in a transaction dated Saturday, March 16th. The stock was sold at an average price of $28.82, for a total value of $41,039.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alexander Spinelli sold 15,080 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.30, for a total value of $411,684.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,563 shares of company stock valued at $717,974. Insiders own 11.50% of the company’s stock.
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LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
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