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 research report sent to investors on Saturday.

Separately, Needham & Company LLC restated a “hold” rating on shares of LivePerson in a research note on Thursday, May 8th.

LivePerson Stock Up 2.4%

Shares of LPSN opened at $1.01 on Friday. The company has a market cap of $97.59 million, a price-to-earnings ratio of -0.51 and a beta of 1.61. LivePerson has a twelve month low of $0.61 and a twelve month high of $2.08. The company has a 50 day moving average of $0.94 and a two-hundred day moving average of $0.92.

Insider Buying and Selling at LivePerson

In other news, CEO Anthony John Sabino sold 68,088 shares of LivePerson stock in a transaction on Monday, June 16th. The shares were sold at an average price of $0.75, for a total transaction of $51,066.00. Following the completion of the sale, the chief executive officer directly owned 2,852,296 shares in the company, valued at approximately $2,139,222. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Vector Capital Management, L.P sold 252,776 shares of LivePerson stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $0.98, for a total transaction of $247,720.48. Following the sale, the insider owned 8,984,277 shares of the company’s stock, valued at $8,804,591.46. The trade was a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,012,664 shares of company stock valued at $1,996,054 over the last quarter. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On LivePerson

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP lifted its stake in shares of LivePerson by 42.0% during the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock worth $1,377,000 after buying an additional 267,827 shares during the period. Geode Capital Management LLC raised its holdings in shares of LivePerson by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company’s stock worth $1,175,000 after purchasing an additional 21,992 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 worth $318,000 after purchasing an additional 26,163 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of LivePerson during the second quarter worth $246,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of LivePerson during the fourth quarter worth $152,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

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.