Teachers Advisors LLC Has $1.07 Million Stake in LivePerson, Inc. (LPSN)
Teachers Advisors LLC grew its position in LivePerson, Inc. (NASDAQ:LPSN) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,992 shares of the technology company’s stock after acquiring an additional 8,619 shares during the period. Teachers Advisors LLC owned about 0.16% of LivePerson worth $1,067,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in LivePerson by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 711,533 shares of the technology company’s stock worth $4,874,000 after buying an additional 21,592 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in LivePerson by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 283,722 shares of the technology company’s stock worth $1,943,000 after buying an additional 16,555 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in LivePerson by 0.8% during the first quarter. Parametric Portfolio Associates LLC now owns 153,771 shares of the technology company’s stock worth $1,053,000 after buying an additional 1,214 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in LivePerson by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 275,860 shares of the technology company’s stock worth $1,889,000 after buying an additional 7,731 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in LivePerson during the first quarter worth about $187,000. 74.83% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on LPSN shares. Benchmark Co. boosted their price objective on shares of LivePerson from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $17.50 price objective (up previously from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Northland Securities reissued a “buy” rating and set a $14.00 price objective on shares of LivePerson in a report on Tuesday, July 25th. Finally, Needham & Company LLC started coverage on shares of LivePerson in a report on Thursday, September 21st. They set a “buy” rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.92.
In other news, CFO Daniel Richard Murphy sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the completion of the transaction, the chief financial officer now owns 84,678 shares in the company, valued at approximately $1,160,935.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,374 shares of company stock valued at $796,159. Insiders own 11.40% of the company’s stock.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. LivePerson had a negative net margin of 13.29% and a negative return on equity of 8.71%. The company had revenue of $54.49 million during the quarter, compared to analyst estimates of $54.55 million. During the same quarter last year, the firm posted ($0.02) EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis.
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.
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