LivePerson (NASDAQ:LPSN) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of LivePerson (NASDAQ:LPSN) from a hold rating to a sell rating in a report issued on Saturday.

LivePerson Price Performance

NASDAQ LPSN opened at $0.88 on Friday. The firm has a market capitalization of $85.25 million, a P/E ratio of -0.44 and a beta of 1.46. LivePerson has a 1-year low of $0.61 and a 1-year high of $2.08. The business’s 50-day simple moving average is $0.99 and its 200-day simple moving average is $0.89.

Insiders Place Their Bets

In related news, major shareholder Vector Capital Management, L.P sold 252,776 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $0.98, for a total value of $247,720.48. Following the completion of the sale, the insider directly owned 8,984,277 shares in the company, valued at approximately $8,804,591.46. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 1,944,576 shares of company stock worth $1,944,988. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LivePerson

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of LivePerson by 146.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock valued at $112,000 after buying an additional 43,804 shares in the last quarter. Two Sigma Advisers LP grew its position in LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock valued at $1,377,000 after acquiring an additional 267,827 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LivePerson by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company’s stock valued at $318,000 after purchasing an additional 26,163 shares during the period. Virtu Financial LLC purchased a new stake in shares of LivePerson during the first quarter valued at approximately $26,000. Finally, XTX Topco Ltd acquired a new position in shares of LivePerson during the second quarter worth $246,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

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.