164,384 Shares in LivePerson, Inc. (NASDAQ:LPSN) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in LivePerson, Inc. (NASDAQ:LPSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 164,384 shares of the technology company’s stock, valued at approximately $5,869,000.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP increased its position in LivePerson by 89.3% during the 2nd quarter. First Trust Advisors LP now owns 109,608 shares of the technology company’s stock valued at $3,073,000 after purchasing an additional 51,712 shares during the period. Louisiana State Employees Retirement System increased its position in LivePerson by 1.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the technology company’s stock valued at $803,000 after purchasing an additional 300 shares during the period. Rhumbline Advisers increased its position in LivePerson by 3.3% during the 3rd quarter. Rhumbline Advisers now owns 179,823 shares of the technology company’s stock valued at $6,420,000 after purchasing an additional 5,783 shares during the period. Van ECK Associates Corp increased its position in LivePerson by 12.0% during the 2nd quarter. Van ECK Associates Corp now owns 20,830 shares of the technology company’s stock valued at $584,000 after purchasing an additional 2,239 shares during the period. Finally, WCM Investment Management LLC purchased a new position in LivePerson during the 2nd quarter valued at about $1,229,000. 87.31% of the stock is currently owned by institutional investors.

Shares of NASDAQ:LPSN traded down $5.35 during trading on Friday, reaching $35.06. The stock had a trading volume of 4,396,000 shares, compared to its average volume of 677,124. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $2.71 billion, a P/E ratio of -152.43 and a beta of 1.03. The firm’s 50-day simple moving average is $38.35 and its 200 day simple moving average is $33.57. LivePerson, Inc. has a one year low of $16.98 and a one year high of $42.85.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.02). The firm had revenue of $75.18 million for the quarter, compared to analysts’ expectations of $74.69 million. LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. LivePerson’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share. Equities research analysts forecast that LivePerson, Inc. will post -0.72 earnings per share for the current fiscal year.

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A number of research analysts have commented on LPSN shares. Barclays reissued a “buy” rating and set a $49.00 target price on shares of LivePerson in a research report on Sunday, November 3rd. KeyCorp raised their target price on shares of LivePerson from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Craig Hallum raised their target price on shares of LivePerson from $34.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Northland Securities set a $45.00 target price on shares of LivePerson and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group raised their target price on shares of LivePerson to $45.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $39.50.

In other news, EVP Monica L. Greenberg sold 2,284 shares of LivePerson stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total transaction of $84,941.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.70% of the stock is owned by insiders.

About LivePerson

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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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