Destrier Capital Management Lowers stake in LivePerson (LPSN)

LivePerson (LPSN) : Destrier Capital Management reduced its stake in LivePerson by 18.56% during the most recent quarter end. The investment management company now holds a total of 162,947 shares of LivePerson which is valued at $1,223,732 after selling 37,132 shares in LivePerson , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.LivePerson makes up approximately 0.76% of Destrier Capital Management’s portfolio.

Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in LPSN during the most recent quarter. The investment firm sold 16,136 shares of LPSN which is valued $121,181.Comerica Bank reduced its stake in LPSN by selling 537 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 49,413 shares of LPSN which is valued at $371,092. Oxford Asset Management added LPSN to its portfolio by purchasing 72,341 company shares during the most recent quarter which is valued at $541,111. LivePerson makes up approx 0.02% of Oxford Asset Management’s portfolio.

LivePerson closed down -0.03 points or -0.37% at $7.99 with 1,99,917 shares getting traded on Monday. Post opening the session at $7.92, the shares hit an intraday low of $7.9 and an intraday high of $8.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, LivePerson reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.01. The company had revenue of $56.70 million for the quarter, compared to analysts expectations of $56.70 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on LivePerson. Company shares were Upgraded by The Benchmark Company on Jul 7, 2016 to ” Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $6 .

LivePerson Inc. (Liveperson) is a provider of digital engagement solutions offering a cloud-based platform. The Company’s platform enables businesses to connect with consumers through chat voice and content delivery across multiple channels and screens including Websites social media tablets and mobile devices. It monitors and analyzes a set of mobile and online consumer behavioral data on behalf of its customers. As a cloud computing or SaaS provider It provides solutions on a hosted basis. In addition to product offerings LivePerson provides professional services and business consulting to support deployment of its enterprise solutions. Its LiveEngage hosted engagement platform delivers actionable insights to get their existing online mobile and social platforms by engaging consumers based on a real-time understanding of consumer needs. Its Professional Services helps customers optimize the performance of its products through their online sales or service channel(s).

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