WINTON GROUP Ltd Buys Shares of 165,685 LivePerson, Inc. (LPSN)
WINTON GROUP Ltd bought a new position in LivePerson, Inc. (NASDAQ:LPSN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 165,685 shares of the technology company’s stock, valued at approximately $2,245,000. WINTON GROUP Ltd owned about 0.28% of LivePerson at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in LivePerson by 92.0% in the 3rd quarter. Wells Fargo & Company MN now owns 89,325 shares of the technology company’s stock worth $1,210,000 after purchasing an additional 42,790 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of LivePerson by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 75,540 shares of the technology company’s stock valued at $1,012,000 after acquiring an additional 5,773 shares in the last quarter. Private Advisory Group LLC bought a new position in shares of LivePerson in the third quarter valued at approximately $339,000. Cortina Asset Management LLC boosted its holdings in shares of LivePerson by 124.7% in the third quarter. Cortina Asset Management LLC now owns 479,793 shares of the technology company’s stock valued at $6,501,000 after acquiring an additional 266,293 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of LivePerson in the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 75.81% of the company’s stock.
Several research firms have recently issued reports on LPSN. Zacks Investment Research cut shares of LivePerson from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Oppenheimer reiterated a “hold” rating on shares of LivePerson in a report on Wednesday, August 9th. Needham & Company LLC began coverage on shares of LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 price objective for the company. Northland Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of LivePerson in a report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.05.
LivePerson, Inc. (NASDAQ LPSN) opened at $11.05 on Friday. LivePerson, Inc. has a 1-year low of $5.43 and a 1-year high of $15.10.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The firm had revenue of $54.49 million during the quarter, compared to analysts’ expectations of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share. equities research analysts expect that LivePerson, Inc. will post -0.02 earnings per share for the current fiscal year.
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LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online business 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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