Wellington Management Group LLP Invests $327,000 in LivePerson, Inc. (NASDAQ:LPSN)

Wellington Management Group LLP bought a new position in LivePerson, Inc. (NASDAQ:LPSN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,356 shares of the technology company’s stock, valued at approximately $327,000.

Several other institutional investors have also recently added to or reduced their stakes in LPSN. Legal & General Group Plc increased its stake in LivePerson by 0.3% in the 1st quarter. Legal & General Group Plc now owns 180,622 shares of the technology company’s stock worth $4,109,000 after buying an additional 543 shares during the period. Deutsche Bank AG increased its stake in LivePerson by 53.1% in the 1st quarter. Deutsche Bank AG now owns 126,579 shares of the technology company’s stock worth $2,880,000 after buying an additional 43,901 shares during the period. ETF Managers Group LLC increased its stake in LivePerson by 9.8% in the 1st quarter. ETF Managers Group LLC now owns 66,257 shares of the technology company’s stock worth $1,562,000 after buying an additional 5,888 shares during the period. Nuveen Asset Management LLC increased its stake in LivePerson by 2.5% in the 1st quarter. Nuveen Asset Management LLC now owns 269,710 shares of the technology company’s stock worth $6,136,000 after buying an additional 6,473 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in LivePerson in the 1st quarter worth about $272,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Several research analysts recently commented on the stock. KeyCorp reduced their price target on shares of LivePerson from $43.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Oppenheimer reaffirmed a “hold” rating on shares of LivePerson in a research note on Wednesday, May 6th. Mizuho raised their price target on shares of LivePerson from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. B. Riley raised their target price on shares of LivePerson from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Jefferies Financial Group raised their target price on shares of LivePerson from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.85.

In other news, Director Fred Mossler sold 7,102 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $36.75, for a total transaction of $260,998.50. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,286,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Monica L. Greenberg sold 30,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $35.00, for a total transaction of $1,050,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 83,149 shares of company stock valued at $3,052,762. 10.70% of the stock is owned by insiders.

LPSN stock opened at $41.43 on Wednesday. The firm has a 50 day moving average of $36.73 and a 200 day moving average of $32.50. The stock has a market capitalization of $2.75 billion, a PE ratio of -23.15 and a beta of 1.24. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.32. LivePerson, Inc. has a 52 week low of $14.08 and a 52 week high of $45.21.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.01. LivePerson had a negative net margin of 37.65% and a negative return on equity of 57.59%. The business had revenue of $78.09 million during the quarter, compared to analysts’ expectations of $77.08 million. On average, equities research analysts expect that LivePerson, Inc. will post -1.33 earnings per share for the current year.

About LivePerson

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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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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