Bank of New York Mellon Corp raised its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 23.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 672,136 shares of the company’s stock after buying an additional 129,630 shares during the period. Bank of New York Mellon Corp owned about 1.16% of LivePerson worth $5,652,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Essex Investment Management Co. LLC purchased a new position in LivePerson during the second quarter worth $515,000. Gilder Gagnon Howe & Co. LLC boosted its position in LivePerson by 34.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 551,679 shares of the company’s stock worth $3,498,000 after buying an additional 141,946 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in LivePerson by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,314,492 shares of the company’s stock worth $21,014,000 after buying an additional 1,657,246 shares during the period. GSA Capital Partners LLP purchased a new position in LivePerson during the second quarter worth $164,000. Finally, Airain ltd purchased a new position in LivePerson during the second quarter worth $153,000. 73.64% of the stock is owned by hedge funds and other institutional investors.
Shares of LivePerson, Inc. (NASDAQ:LPSN) traded up 0.62% during mid-day trading on Wednesday, reaching $8.10. 88,318 shares of the company’s stock traded hands. LivePerson, Inc. has a 12-month low of $3.74 and a 12-month high of $8.85. The company’s 50 day moving average is $7.77 and its 200 day moving average is $7.93. The company’s market cap is $469.56 million.
LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.03. The business earned $54.50 million during the quarter, compared to analyst estimates of $54.51 million. LivePerson had a negative return on equity of 5.91% and a negative net margin of 15.46%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. On average, analysts predict that LivePerson, Inc. will post ($0.09) EPS for the current fiscal year.
A number of research analysts recently weighed in on LPSN shares. Zacks Investment Research upgraded shares of LivePerson from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Tuesday, November 15th. TheStreet upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research note on Friday, November 18th. Finally, Credit Suisse Group set a $6.00 target price on shares of LivePerson and gave the company a “hold” rating in a research note on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.35.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online 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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