GSA Capital Partners LLP reduced its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 8.2% during the fourth quarter, Holdings Channel reports. The firm owned 61,387 shares of the company’s stock after selling 5,513 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of LivePerson worth $463,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of LPSN. JPMorgan Chase & Co. bought a new position in shares of LivePerson during the third quarter worth about $1,867,000. Bank of New York Mellon Corp boosted its position in shares of LivePerson by 23.9% in the third quarter. Bank of New York Mellon Corp now owns 672,136 shares of the company’s stock worth $5,652,000 after buying an additional 129,630 shares during the period. Arrowpoint Asset Management LLC boosted its position in shares of LivePerson by 25.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,183,843 shares of the company’s stock worth $8,938,000 after buying an additional 240,808 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of LivePerson by 23.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 374,443 shares of the company’s stock worth $2,827,000 after buying an additional 69,908 shares during the period. Finally, Aperio Group LLC boosted its position in shares of LivePerson by 30.1% in the third quarter. Aperio Group LLC now owns 48,782 shares of the company’s stock worth $410,000 after buying an additional 11,274 shares during the period. 73.75% of the stock is owned by institutional investors.
LivePerson, Inc. (NASDAQ:LPSN) opened at 6.95 on Tuesday. The stock’s market capitalization is $405.18 million. LivePerson, Inc. has a 52 week low of $5.39 and a 52 week high of $8.85. The stock’s 50 day moving average is $6.98 and its 200-day moving average is $7.82.
LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, February 8th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.05. LivePerson had a negative net margin of 11.61% and a negative return on equity of 9.42%. The business had revenue of $56.10 million for the quarter, compared to the consensus estimate of $56.14 million. During the same period in the prior year, the company earned $0.07 EPS. LivePerson’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts forecast that LivePerson, Inc. will post $0.09 EPS for the current year.
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A number of research analysts have issued reports on LPSN shares. TheStreet cut shares of LivePerson from a “hold” rating to a “sell” rating in a report on Wednesday, December 28th. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.94.
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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