GSA Capital Partners LLP Has $614,000 Stake in LivePerson, Inc. (LPSN)

GSA Capital Partners LLP increased its position in LivePerson, Inc. (NASDAQ:LPSN) by 27.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,341 shares of the technology company’s stock after purchasing an additional 9,765 shares during the quarter. GSA Capital Partners LLP owned 0.08% of LivePerson worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LPSN. Russell Investments Group Ltd. boosted its stake in shares of LivePerson by 607.4% in the second quarter. Russell Investments Group Ltd. now owns 41,124 shares of the technology company’s stock valued at $452,000 after purchasing an additional 35,311 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in LivePerson by 5.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after acquiring an additional 650 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in LivePerson by 10.7% in the second quarter. Great West Life Assurance Co. Can now owns 74,465 shares of the technology company’s stock valued at $816,000 after acquiring an additional 7,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in LivePerson by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 225,144 shares of the technology company’s stock valued at $2,477,000 after acquiring an additional 18,116 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in LivePerson by 0.7% in the second quarter. Arizona State Retirement System now owns 27,992 shares of the technology company’s stock valued at $308,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.

LPSN has been the topic of several recent analyst reports. B. Riley initiated coverage on shares of LivePerson in a report on Thursday, December 14th. They issued a “buy” rating and a $16.50 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of LivePerson in a report on Wednesday, November 1st. Benchmark upped their price target on shares of LivePerson from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $17.50 price target (up from $15.00) on shares of LivePerson in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. LivePerson presently has an average rating of “Buy” and a consensus target price of $15.23.

In other LivePerson news, EVP Dustin Dean sold 2,500 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert P. Locascio sold 2,779 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.45, for a total transaction of $31,819.55. Following the sale, the chief executive officer now directly owns 73,656 shares in the company, valued at $843,361.20. The disclosure for this sale can be found here. Insiders have sold 9,940 shares of company stock worth $121,063 over the last three months. 11.40% of the stock is owned by corporate insiders.

Shares of LivePerson, Inc. (NASDAQ:LPSN) opened at $11.50 on Monday. The stock has a market cap of $684.54, a price-to-earnings ratio of -27.38 and a beta of 1.19. LivePerson, Inc. has a twelve month low of $5.43 and a twelve month 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 company had revenue of $54.49 million for 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 was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. research analysts predict that LivePerson, Inc. will post -0.02 EPS 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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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