Comerica Bank lowered its holdings in LivePerson, Inc. (NASDAQ:LPSN) by 5.7% during the 3rd quarter, Holdings Channel reports. The firm owned 55,626 shares of the technology company’s stock after selling 3,381 shares during the quarter. Comerica Bank’s holdings in LivePerson were worth $1,174,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of LivePerson by 9.3% in the 2nd quarter. BlackRock Inc. now owns 7,814,452 shares of the technology company’s stock worth $164,886,000 after purchasing an additional 665,121 shares during the last quarter. FMR LLC grew its stake in shares of LivePerson by 306.5% in the 2nd quarter. FMR LLC now owns 3,536,114 shares of the technology company’s stock worth $74,612,000 after purchasing an additional 2,666,254 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of LivePerson in the 2nd quarter worth approximately $16,735,000. Northern Trust Corp grew its stake in shares of LivePerson by 4.4% in the 2nd quarter. Northern Trust Corp now owns 740,937 shares of the technology company’s stock worth $15,634,000 after purchasing an additional 31,211 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of LivePerson by 15.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 702,631 shares of the technology company’s stock worth $14,826,000 after purchasing an additional 93,049 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.
Shares of LPSN opened at $18.97 on Friday. LivePerson, Inc. has a one year low of $10.80 and a one year high of $27.40. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -316.17 and a beta of 1.11.
LivePerson (NASDAQ:LPSN) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). LivePerson had a negative net margin of 9.21% and a negative return on equity of 5.32%. The company had revenue of $64.21 million during the quarter, compared to analysts’ expectations of $62.55 million. During the same period last year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts predict that LivePerson, Inc. will post -0.12 EPS for the current year.
Several research analysts have commented on LPSN shares. Zacks Investment Research upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub cut shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. B. Riley set a $32.00 target price on shares of LivePerson and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $27.00 target price on shares of LivePerson in a report on Friday, November 9th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.17.
In related news, EVP Monica L. Greenberg sold 36,723 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $22.03, for a total transaction of $809,007.69. Following the completion of the sale, the executive vice president now directly owns 31,604 shares in the company, valued at $696,236.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Daryl Carlough sold 1,223 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $26.55, for a total transaction of $32,470.65. Following the sale, the senior vice president now owns 12,719 shares of the company’s stock, valued at $337,689.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,854 shares of company stock valued at $1,105,304. Corporate insiders own 11.50% of the company’s stock.
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LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
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