LivePerson (NASDAQ:LPSN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of LivePerson, Inc. (NASDAQ:LPSN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.96 and traded as high as $0.97. LivePerson shares last traded at $0.91, with a volume of 1,417,752 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on LPSN shares. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a report on Thursday, May 8th. Wall Street Zen downgraded LivePerson from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st.

LivePerson Stock Performance

The firm’s 50-day moving average price is $0.88 and its two-hundred day moving average price is $0.96. The firm has a market cap of $85.20 million, a PE ratio of -0.42 and a beta of 1.62.

Insider Buying and Selling

In other LivePerson news, CEO Anthony John Sabino sold 68,088 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $0.75, for a total value of $51,066.00. Following the completion of the transaction, the chief executive officer owned 2,852,296 shares in the company, valued at $2,139,222. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 97,485 shares of company stock worth $81,345. 2.00% of the stock is owned by company insiders.

Institutional Trading of LivePerson

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP boosted its stake in LivePerson by 42.0% during the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock worth $1,377,000 after purchasing an additional 267,827 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of LivePerson in the fourth quarter valued at about $152,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of LivePerson by 146.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock worth $112,000 after buying an additional 43,804 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LivePerson during the fourth quarter worth about $66,000. Finally, Marshall Wace LLP purchased a new position in shares of LivePerson during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

About LivePerson

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.