LivePerson, Inc. (NASDAQ:LPSN) Stake Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 266.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,291 shares of the technology company’s stock after buying an additional 139,091 shares during the period. New York State Common Retirement Fund owned about 0.33% of LivePerson worth $2,592,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LPSN. Russell Investments Group Ltd. boosted its position in LivePerson by 607.4% during the second quarter. Russell Investments Group Ltd. now owns 41,124 shares of the technology company’s stock valued at $452,000 after purchasing an additional 35,311 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in LivePerson by 5.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after purchasing an additional 650 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in LivePerson by 10.7% during the second quarter. Great West Life Assurance Co. Can now owns 74,465 shares of the technology company’s stock valued at $816,000 after purchasing an additional 7,200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in LivePerson by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 225,144 shares of the technology company’s stock valued at $2,477,000 after purchasing an additional 18,116 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in LivePerson by 0.7% during the second quarter. Arizona State Retirement System now owns 27,992 shares of the technology company’s stock valued at $308,000 after purchasing an additional 200 shares during the last quarter. 75.79% of the stock is owned by institutional investors.

In other news, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $31,819.55. Following the transaction, the chief executive officer now owns 73,656 shares in the company, valued at $843,361.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel Richard Murphy sold 2,493 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total value of $28,544.85. Following the transaction, the chief financial officer now owns 82,185 shares in the company, valued at approximately $941,018.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,440 shares of company stock worth $85,188. 11.40% of the stock is owned by corporate insiders.

LivePerson, Inc. (NASDAQ LPSN) opened at $12.55 on Friday. The firm has a market capitalization of $729.17, a P/E ratio of -29.88 and a beta of 1.19. LivePerson, Inc. has a 52 week low of $5.43 and a 52 week high of $15.10.

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

Several research analysts recently commented on the company. Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Needham & Company LLC started coverage on LivePerson in a research report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective for the company. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Benchmark raised their price objective on LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, B. Riley started coverage on LivePerson in a research report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. LivePerson presently has an average rating of “Buy” and an average target price of $15.23.

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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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