LivePerson (NASDAQ:LPSN) Cut to Hold at Craig Hallum

Craig Hallum downgraded shares of LivePerson (NASDAQ:LPSN – Get Rating) from a buy rating to a hold rating in a report released on Thursday morning, MarketBeat reports. The brokerage currently has $6.00 price objective on the technology company’s stock, down from their previous price objective of $15.00.

LPSN has been the subject of several other research reports. Barclays dropped their price objective on shares of LivePerson from $11.00 to $4.00 and set an underweight rating for the company in a report on Thursday. Roth Mkm downgraded shares of LivePerson from a buy rating to a neutral rating and dropped their price objective for the company from $25.00 to $6.00 in a report on Thursday. Mizuho dropped their price objective on shares of LivePerson from $14.00 to $12.00 in a report on Wednesday, November 16th. Loop Capital lowered their price target on shares of LivePerson from $12.00 to $8.00 in a report on Thursday. Finally, StockNews.com raised shares of LivePerson from a sell rating to a hold rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, LivePerson has an average rating of Hold and an average target price of $10.27.

LivePerson Stock Performance

LPSN opened at $4.21 on Thursday. The firm has a 50-day simple moving average of $12.12 and a two-hundred day simple moving average of $11.17. LivePerson has a 52 week low of $3.81 and a 52 week high of $26.66. The company has a debt-to-equity ratio of 10.83, a current ratio of 2.10 and a quick ratio of 2.22.

Institutional Trading of LivePerson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in LivePerson by 48.1% in the 4th quarter. CWM LLC now owns 2,632 shares of the technology company’s stock worth $27,000 after purchasing an additional 855 shares during the period. Allspring Global Investments Holdings LLC raised its position in LivePerson by 67.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,888 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,565 shares during the period. Wolff Wiese Magana LLC raised its position in LivePerson by 665.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 4,521 shares of the technology company’s stock worth $43,000 after purchasing an additional 3,930 shares during the period. Point72 Middle East FZE purchased a new stake in LivePerson in the 4th quarter worth about $57,000. Finally, Tower Research Capital LLC TRC raised its position in LivePerson by 187.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,043 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,596 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.

About LivePerson

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LivePerson, Inc engages in the provision of mobile and online messaging solutions through Conversational Artificial Intelligence (AI). Conversational AI allows humans and machines to interact using natural language, including speech or text. The company operates through the Business and Consumer segments.