State of Tennessee Treasury Department Purchases 2,642 Shares of LivePerson, Inc. (NASDAQ:LPSN)

State of Tennessee Treasury Department grew its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,929 shares of the technology company’s stock after buying an additional 2,642 shares during the quarter. State of Tennessee Treasury Department’s holdings in LivePerson were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of LPSN. BlackRock Inc. lifted its position in shares of LivePerson by 6.4% during the 2nd quarter. BlackRock Inc. now owns 9,234,690 shares of the technology company’s stock worth $258,941,000 after buying an additional 556,214 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of LivePerson by 887.0% during the 2nd quarter. Altshuler Shaham Ltd now owns 483,528 shares of the technology company’s stock worth $13,776,000 after buying an additional 434,538 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of LivePerson during the 2nd quarter worth approximately $11,124,000. Granite Investment Partners LLC lifted its position in shares of LivePerson by 81.0% during the 2nd quarter. Granite Investment Partners LLC now owns 851,453 shares of the technology company’s stock worth $23,875,000 after buying an additional 381,159 shares in the last quarter. Finally, Castleark Management LLC bought a new position in shares of LivePerson during the 2nd quarter worth approximately $9,120,000. 87.49% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Monica L. Greenberg sold 2,284 shares of LivePerson stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $37.19, for a total value of $84,941.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.70% of the stock is currently owned by insiders.

LPSN has been the topic of several recent analyst reports. Northland Securities set a $45.00 target price on shares of LivePerson and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Oppenheimer lifted their target price on shares of LivePerson from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. KeyCorp lifted their price target on shares of LivePerson from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Jefferies Financial Group lifted their price target on shares of LivePerson to $45.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Barclays reaffirmed a “buy” rating and issued a $49.00 price target on shares of LivePerson in a report on Sunday, November 3rd. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.50.

NASDAQ:LPSN opened at $35.39 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.19 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $38.12 and its 200 day moving average is $33.70. LivePerson, Inc. has a 12 month low of $16.98 and a 12 month high of $42.85.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02). LivePerson had a negative net margin of 27.03% and a negative return on equity of 33.89%. The business had revenue of $75.18 million during the quarter, compared to analysts’ expectations of $74.69 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities research analysts anticipate that LivePerson, Inc. will post -1.1 earnings per share for the current year.

LivePerson Company Profile

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.

Recommended Story: What is the return on assets formula?

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.