Principal Financial Group Inc. Decreases Stock Holdings in LivePerson, Inc. (NASDAQ:LPSN)

Principal Financial Group Inc. trimmed its position in LivePerson, Inc. (NASDAQ:LPSN) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 443,689 shares of the technology company’s stock after selling 5,822 shares during the period. Principal Financial Group Inc.’s holdings in LivePerson were worth $27,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management purchased a new position in LivePerson during the 4th quarter valued at $35,000. Archer Investment Corp bought a new position in LivePerson in the 4th quarter worth about $39,000. Vantage Consulting Group Inc bought a new position in LivePerson during the 4th quarter valued at about $47,000. Acadian Asset Management LLC purchased a new stake in shares of LivePerson during the 3rd quarter valued at about $56,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of LivePerson during the 4th quarter valued at about $63,000. 96.14% of the stock is currently owned by institutional investors.

Shares of LPSN opened at $56.91 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.38 and a quick ratio of 1.38. LivePerson, Inc. has a 1 year low of $19.74 and a 1 year high of $72.23. The company has a 50 day simple moving average of $57.97 and a two-hundred day simple moving average of $59.24. The firm has a market cap of $3.86 billion, a P/E ratio of -30.60 and a beta of 1.34.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Thursday, February 25th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. LivePerson had a negative net margin of 35.41% and a negative return on equity of 60.48%. The business had revenue of $102.13 million during the quarter, compared to analyst estimates of $99.15 million. On average, sell-side analysts anticipate that LivePerson, Inc. will post -1.09 earnings per share for the current year.

LPSN has been the subject of several research reports. KeyCorp upped their price target on shares of LivePerson from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, January 19th. Roth Capital upped their price target on shares of LivePerson from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of LivePerson from a “hold” rating to a “sell” rating in a report on Wednesday, March 3rd. Needham & Company LLC increased their target price on shares of LivePerson from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, March 4th. Finally, Citigroup initiated coverage on shares of LivePerson in a report on Wednesday, March 31st. They issued a “buy” rating and a $76.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. LivePerson presently has a consensus rating of “Buy” and a consensus price target of $71.07.

In other news, EVP Alexander Spinelli sold 2,815 shares of the stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $54.94, for a total transaction of $154,656.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Deneen Collins sold 1,934 shares of the stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $54.94, for a total value of $106,253.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,819 shares of company stock valued at $4,520,336. Insiders own 10.70% of the company’s stock.

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.

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Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

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