LivePerson, Inc. (LPSN) Position Trimmed by ETF Managers Group LLC
ETF Managers Group LLC reduced its position in LivePerson, Inc. (NASDAQ:LPSN) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,800 shares of the technology company’s stock after selling 1,412 shares during the quarter. ETF Managers Group LLC’s holdings in LivePerson were worth $1,260,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of LPSN. Oregon Public Employees Retirement Fund boosted its stake in LivePerson by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,595 shares of the technology company’s stock valued at $656,000 after acquiring an additional 408 shares in the last quarter. Redwood Investments LLC boosted its stake in LivePerson by 20.1% in the first quarter. Redwood Investments LLC now owns 695,378 shares of the technology company’s stock valued at $20,180,000 after acquiring an additional 116,536 shares in the last quarter. Mason Street Advisors LLC boosted its stake in LivePerson by 4.3% in the first quarter. Mason Street Advisors LLC now owns 18,891 shares of the technology company’s stock valued at $548,000 after acquiring an additional 773 shares in the last quarter. New York State Teachers Retirement System boosted its stake in LivePerson by 0.3% in the first quarter. New York State Teachers Retirement System now owns 138,526 shares of the technology company’s stock valued at $4,020,000 after acquiring an additional 422 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in LivePerson in the first quarter valued at approximately $276,000. 79.33% of the stock is currently owned by institutional investors.
In other news, EVP Alexander Spinelli sold 15,080 shares of LivePerson stock in a transaction on Friday, March 1st. The shares were sold at an average price of $27.30, for a total transaction of $411,684.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher E. Greiner sold 5,033 shares of LivePerson stock in a transaction on Monday, April 15th. The stock was sold at an average price of $29.66, for a total transaction of $149,278.78. The disclosure for this sale can be found here. Insiders have sold 25,563 shares of company stock valued at $717,974 over the last quarter. Insiders own 11.50% of the company’s stock.
LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). LivePerson had a negative return on equity of 13.56% and a negative net margin of 15.78%. The company had revenue of $65.72 million for the quarter, compared to analyst estimates of $64.91 million. On average, equities analysts predict that LivePerson, Inc. will post -0.5 EPS for the current year.
LPSN has been the subject of several recent analyst reports. Oppenheimer upgraded shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. CIBC upgraded shares of LivePerson from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. BidaskClub upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of LivePerson in a research note on Friday, February 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $31.43.
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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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