Private Advisory Group LLC Takes Position in LivePerson, Inc. (LPSN)

Private Advisory Group LLC acquired a new position in shares of LivePerson, Inc. (NASDAQ:LPSN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,969 shares of the technology company’s stock, valued at approximately $339,000.

Several other hedge funds also recently added to or reduced their stakes in LPSN. State of Alaska Department of Revenue boosted its position in shares of LivePerson by 79.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock worth $116,000 after purchasing an additional 4,700 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of LivePerson during the 2nd quarter worth about $128,000. BlueCrest Capital Management Ltd bought a new position in LivePerson in the 2nd quarter valued at about $131,000. Municipal Employees Retirement System of Michigan lifted its position in LivePerson by 5.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after acquiring an additional 650 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in LivePerson by 38.1% in the 1st quarter. OppenheimerFunds Inc. now owns 24,653 shares of the technology company’s stock valued at $169,000 after acquiring an additional 6,795 shares in the last quarter. 75.85% of the stock is currently owned by institutional investors.

LivePerson, Inc. (LPSN) opened at $11.10 on Friday. LivePerson, Inc. has a 1 year low of $5.43 and a 1 year high of $15.10.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The firm had revenue of $54.49 million for the quarter, compared to analysts’ expectations of $54.55 million. During the same quarter last year, the firm earned ($0.02) EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. sell-side analysts anticipate that LivePerson, Inc. will post -0.02 earnings per share for the current year.

In other news, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert P. Locascio sold 2,572 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $13.66, for a total transaction of $35,133.52. Following the sale, the chief executive officer now owns 76,435 shares of the company’s stock, valued at approximately $1,044,102.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,374 shares of company stock worth $129,989. Insiders own 11.40% of the company’s stock.

Several equities analysts recently weighed in on LPSN shares. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Northland Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of LivePerson in a research report on Friday, September 1st. Needham & Company LLC started coverage on shares of LivePerson in a research report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price target on the stock. Benchmark raised their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $17.50 price target (up previously from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. LivePerson currently has a consensus rating of “Buy” and a consensus target price of $15.05.

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LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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