6,625 Shares in LivePerson, Inc. (LPSN) Purchased by Bank of Montreal Can

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Bank of Montreal Can acquired a new position in LivePerson, Inc. (NASDAQ:LPSN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,625 shares of the technology company’s stock, valued at approximately $139,000.

A number of other hedge funds have also recently made changes to their positions in LPSN. Profund Advisors LLC acquired a new position in shares of LivePerson during the 1st quarter worth about $170,000. Algert Global LLC acquired a new position in shares of LivePerson during the 1st quarter worth about $214,000. Xact Kapitalforvaltning AB acquired a new position in shares of LivePerson during the 2nd quarter worth about $262,000. Suntrust Banks Inc. acquired a new position in shares of LivePerson during the 1st quarter worth about $423,000. Finally, ETF Managers Group LLC acquired a new position in shares of LivePerson during the 1st quarter worth about $605,000. Hedge funds and other institutional investors own 78.84% of the company’s stock.

Shares of LPSN opened at $26.65 on Friday. LivePerson, Inc. has a 52-week low of $10.80 and a 52-week high of $26.90. The company has a market capitalization of $1.64 billion, a P/E ratio of -443.33 and a beta of 1.02.

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

In related news, CFO Daniel Richard Murphy sold 73,814 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $21.47, for a total value of $1,584,786.58. Following the completion of the transaction, the chief financial officer now directly owns 23,814 shares in the company, valued at approximately $511,286.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert P. Locascio sold 2,385 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $23.80, for a total value of $56,763.00. Following the completion of the transaction, the chief executive officer now owns 318,806 shares of the company’s stock, valued at $7,587,582.80. The disclosure for this sale can be found here. Insiders sold a total of 166,282 shares of company stock valued at $3,570,976 over the last quarter. 11.50% of the stock is owned by insiders.

LPSN has been the subject of several analyst reports. Roth Capital boosted their target price on LivePerson to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. LADENBURG THALM/SH SH restated a “buy” rating and set a $24.00 target price on shares of LivePerson in a research report on Wednesday, June 6th. Needham & Company LLC boosted 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, Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Friday, June 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $25.29.

LivePerson Profile

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.

Further Reading: NASDAQ Stock Market Explained

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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