LivePerson, Inc. (LPSN) Surges to 52-Week High, Is Now Top Performer

June 14, 2018 - By Vivian Park

LivePerson, Inc. (NASDAQ:LPSN) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.26, from 1.29 in 2017Q4. It turned negative, as 17 investors sold LivePerson, Inc. shares while 43 reduced holdings. 24 funds opened positions while 38 raised stakes. 44.79 million shares or 2.43% more from 43.73 million shares in 2017Q4 were reported.
Polar Asset Management Prns holds 384,331 shares or 0.11% of its portfolio. Financial Bank Of Ny Mellon has 0% invested in LivePerson, Inc. (NASDAQ:LPSN) for 609,582 shares. Sei Invs reported 0% stake. Bluemountain Cap Mgmt Limited Liability Corp has 0.01% invested in LivePerson, Inc. (NASDAQ:LPSN) for 17,944 shares. Jpmorgan Chase & owns 188,099 shares. Golden Gate Private Equity accumulated 60,168 shares or 0.81% of the stock. Brighton Jones Ltd Liability reported 0.05% of its portfolio in LivePerson, Inc. (NASDAQ:LPSN). Principal Financial Gp stated it has 0.01% of its portfolio in LivePerson, Inc. (NASDAQ:LPSN). Citadel Ltd Liability Corporation has invested 0% of its portfolio in LivePerson, Inc. (NASDAQ:LPSN). California Employees Retirement System holds 0% or 95,700 shares in its portfolio. Mackay Shields Ltd Company reported 88,400 shares. Voya Investment Mngmt Ltd Limited Liability Company has invested 0% in LivePerson, Inc. (NASDAQ:LPSN). Gagnon Lc stated it has 13,627 shares. 158 are owned by Hanseatic Mngmt Serv Incorporated. Metropolitan Life Ny reported 16,318 shares stake.

Since March 7, 2018, it had 0 buys, and 23 selling transactions for $17.91 million activity. 2,465 shares were sold by LOCASCIO ROBERT P, worth $37,715 on Tuesday, March 20. $234,000 worth of stock was sold by Vanounou Eran on Friday, June 1. On Tuesday, March 20 Carlough Daryl sold $6,701 worth of LivePerson, Inc. (NASDAQ:LPSN) or 438 shares. 1,480 shares were sold by Greenberg Monica L., worth $22,644 on Tuesday, March 20. Block Peter also sold $718,200 worth of LivePerson, Inc. (NASDAQ:LPSN) shares.

The stock of LivePerson, Inc. (NASDAQ:LPSN) hit a new 52-week high and has $24.26 target or 4.00 % above today’s $23.33 share price. The 6 months bullish chart indicates low risk for the $1.42 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $24.26 price target is reached, the company will be worth $56.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.08% or $0.48 during the last trading session, reaching $23.33. About 543,186 shares traded or 14.01% up from the average. LivePerson, Inc. (NASDAQ:LPSN) has risen 96.91% since June 14, 2017 and is uptrending. It has outperformed by 84.34% the S&P500.

Analysts await LivePerson, Inc. (NASDAQ:LPSN) to report earnings on July, 25. They expect $-0.04 earnings per share, down 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.03 actual earnings per share reported by LivePerson, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

LivePerson, Inc. (NASDAQ:LPSN) Ratings Coverage

Among 3 analysts covering Liveperson (NASDAQ:LPSN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Liveperson had 4 analyst reports since February 21, 2018 according to SRatingsIntel. The rating was maintained by Needham with “Buy” on Friday, March 16. The firm has “Buy” rating by FBR Capital given on Thursday, March 15. The rating was maintained by Ladenburg on Monday, June 4 with “Buy”. FBR Capital maintained the stock with “Buy” rating in Wednesday, February 21 report.

More recent LivePerson, Inc. (NASDAQ:LPSN) news were published by: Streetinsider.com which released: “UPDATE: LivePerson (LPSN) PT Raised to $24 at Ladenburg Thalmann” on June 04, 2018. Also Prnewswire.com published the news titled: “Car and Driver Partners With Contact At Once! To Enable Messaging Platform For Conversational Commerce” on June 12, 2018. Gurufocus.com‘s news article titled: “Liveperson Inc (LPSN) CEO Robert P Locascio Sold $5.8 million of Shares” with publication date: June 02, 2018 was also an interesting one.

LivePerson, Inc. provides mobile and online business messaging solutions that power digital communication between brands and consumers. The company has market cap of $1.42 billion. It operates in two divisions, Business and Consumer. It currently has negative earnings. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for firms of various sizes.

LivePerson, Inc. (NASDAQ:LPSN) Institutional Positions Chart

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