Polar Asset Management Partners Inc. Takes Position in LivePerson, Inc. (LPSN)

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Polar Asset Management Partners Inc. acquired a new position in shares of LivePerson, Inc. (NASDAQ:LPSN) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 384,331 shares of the technology company’s stock, valued at approximately $6,284,000. Polar Asset Management Partners Inc. owned approximately 0.63% of LivePerson as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC bought a new position in shares of LivePerson during the 1st quarter worth approximately $170,000. Ellington Management Group LLC bought a new position in shares of LivePerson during the 4th quarter worth approximately $146,000. Algert Global LLC bought a new position in shares of LivePerson during the 1st quarter worth approximately $214,000. Teacher Retirement System of Texas bought a new position in shares of LivePerson during the 4th quarter worth approximately $198,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of LivePerson during the 4th quarter worth approximately $337,000. Hedge funds and other institutional investors own 77.15% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of LivePerson from a “buy” rating to a “hold” rating in a research note on Saturday, June 9th. LADENBURG THALM/SH SH reiterated a “buy” rating and set a $24.00 price objective on shares of LivePerson in a research note on Wednesday, June 6th. B. Riley boosted their price objective on shares of LivePerson to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. BidaskClub lowered shares of LivePerson from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 6th. Finally, ValuEngine upgraded shares of LivePerson from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $20.83.

Shares of LivePerson stock opened at $23.65 on Thursday. LivePerson, Inc. has a 12-month low of $10.70 and a 12-month high of $24.08. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -394.17 and a beta of 0.99.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter. LivePerson had a negative net margin of 6.95% and a negative return on equity of 2.89%. The business had revenue of $58.24 million for the quarter, compared to analyst estimates of $57.22 million. During the same quarter in the prior year, the business posted $0.01 EPS. LivePerson’s revenue for the quarter was up 14.4% compared to the same quarter last year. equities research analysts expect that LivePerson, Inc. will post -0.05 earnings per share for the current fiscal year.

In other news, insider Eran Vanounou sold 11,045 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $22.84, for a total value of $252,267.80. Following the sale, the insider now directly owns 34,375 shares of the company’s stock, valued at approximately $785,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Richard Murphy sold 45,000 shares of the company’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $16.38, for a total transaction of $737,100.00. Following the completion of the sale, the chief financial officer now directly owns 115,093 shares in the company, valued at $1,885,223.34. The disclosure for this sale can be found here. Insiders have sold a total of 973,721 shares of company stock worth $18,830,150 in the last 90 days. 11.50% of the stock is currently owned by company insiders.

LivePerson Company 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.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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