Zacks Investment Research lowered shares of LivePerson (NASDAQ:LPSN) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “LivePerson, Inc. is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers. LivePerson opens the new click-to-message ad extension to larger companies by adding three important dimensions. First, it tracks and distributes ad responses to teams that may be across geographies – essential for an ad campaign at a larger scale – and measures the results. LivePerson provides an optional, pay-for-performance team of people who can answer these SMS conversations and can handle many queries itself, or transfer them to in-house representatives where needed. LivePerson enables brands to manage message conversations from many media and communications channels in one solution and one workforce. This lets large advertisers scale without staffing pains, and has been shown to improve conversion rates when deployed. “

LPSN has been the subject of several other research reports. Needham & Company LLC reaffirmed a buy rating and issued a $200.00 price target (up previously from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. Benchmark reaffirmed a buy rating and issued a $120.00 price target (up previously from $115.00) on shares of Nexstar Media Group in a research report on Thursday, March 21st. Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the stock a buy rating in a research report on Thursday, May 16th. BidaskClub lowered Amyris from a hold rating to a sell rating in a research report on Thursday, June 27th. Finally, Jefferies Financial Group lifted their price target on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a buy rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $32.00.

LivePerson stock traded up $0.14 on Wednesday, hitting $29.49. 859,800 shares of the stock traded hands, compared to its average volume of 631,913. The firm has a fifty day moving average of $27.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -128.22 and a beta of 1.08. LivePerson has a 1 year low of $16.98 and a 1 year high of $30.91.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The company had revenue of $66.40 million during the quarter, compared to analysts’ expectations of $66.14 million. LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. On average, equities analysts forecast that LivePerson will post -0.52 EPS for the current year.

In related news, SVP Daryl Carlough sold 16,164 shares of LivePerson stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $27.71, for a total value of $447,904.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Monica L. Greenberg sold 23,601 shares of LivePerson stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $27.29, for a total value of $644,071.29. The disclosure for this sale can be found here. Insiders sold a total of 50,611 shares of company stock valued at $1,400,179 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuburgh Advisers LLC increased its holdings in LivePerson by 159.3% in the 4th quarter. Neuburgh Advisers LLC now owns 8,558 shares of the technology company’s stock worth $161,000 after buying an additional 5,258 shares in the last quarter. Virtu Financial LLC bought a new stake in LivePerson in the 1st quarter worth about $236,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in LivePerson in the 1st quarter worth about $242,000. Flinton Capital Management LLC increased its holdings in LivePerson by 159.3% in the 4th quarter. Flinton Capital Management LLC now owns 13,226 shares of the technology company’s stock worth $249,000 after buying an additional 8,126 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in LivePerson in the 1st quarter worth about $276,000. Institutional investors own 83.96% of the company’s stock.

LivePerson Company Profile

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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