New York State Teachers Retirement System grew its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,826 shares of the technology company’s stock after buying an additional 2,213 shares during the period. New York State Teachers Retirement System owned approximately 0.21% of LivePerson worth $2,739,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of LPSN. Polar Asset Management Partners Inc. bought a new position in shares of LivePerson during the 1st quarter worth approximately $6,284,000. Pier Capital LLC acquired a new position in shares of LivePerson during the first quarter worth approximately $6,161,000. BlackRock Inc. raised its position in shares of LivePerson by 2.3% during the first quarter. BlackRock Inc. now owns 7,149,331 shares of the technology company’s stock worth $116,891,000 after purchasing an additional 159,993 shares during the period. Deutsche Bank AG raised its position in shares of LivePerson by 100.6% during the fourth quarter. Deutsche Bank AG now owns 311,178 shares of the technology company’s stock worth $3,577,000 after purchasing an additional 156,087 shares during the period. Finally, Mackay Shields LLC acquired a new position in shares of LivePerson during the first quarter worth approximately $1,445,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

A number of brokerages have recently weighed in on LPSN. BidaskClub lowered LivePerson from a “buy” rating to a “hold” rating in a research report on Friday, July 13th. Zacks Investment Research raised LivePerson from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, June 28th. B. Riley upped their target price on LivePerson from $19.25 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Needham & Company LLC upped their target price on LivePerson from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $24.00 target price on shares of LivePerson in a research report on Wednesday, June 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.29.

In related news, SVP Daryl Carlough sold 10,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.01, for a total value of $240,100.00. Following the completion of the sale, the senior vice president now directly owns 23,154 shares of the company’s stock, valued at approximately $555,927.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert P. Locascio sold 300,000 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of $19.44, for a total value of $5,832,000.00. Following the completion of the sale, the chief executive officer now directly owns 321,191 shares of the company’s stock, valued at $6,243,953.04. The disclosure for this sale can be found here. Insiders sold a total of 783,732 shares of company stock valued at $15,564,643 over the last three months. 11.50% of the stock is currently owned by insiders.

Shares of NASDAQ:LPSN opened at $24.95 on Friday. LivePerson, Inc. has a twelve month low of $10.80 and a twelve month high of $25.20. The company has a market cap of $1.50 billion, a PE ratio of -415.83 and a beta of 1.02.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $61.66 million during the quarter, compared to analyst estimates of $59.46 million. LivePerson had a negative return on equity of 3.34% and a negative net margin of 7.06%. LivePerson’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. research analysts predict that LivePerson, Inc. will post -0.08 EPS for the current fiscal year.

About LivePerson

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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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