LiveRamp (NYSE:RAMP) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of LiveRamp (NYSE:RAMP) from a buy rating to a strong-buy rating in a research report released on Sunday.

Other equities analysts have also issued research reports about the company. Benchmark decreased their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $41.14.

LiveRamp Price Performance

Shares of RAMP stock opened at $30.17 on Friday. The company has a 50-day moving average of $28.37 and a two-hundred day moving average of $27.86. The firm has a market cap of $1.97 billion, a PE ratio of 603.52 and a beta of 0.97. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.66.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. Sell-side analysts anticipate that LiveRamp will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now owns 24,509 shares in the company, valued at $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the sale, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

Institutional Trading of LiveRamp

A number of hedge funds and other institutional investors have recently made changes to their positions in RAMP. Quarry LP grew its stake in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after buying an additional 915 shares during the last quarter. DT Investment Partners LLC grew its position in shares of LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after acquiring an additional 545 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in LiveRamp in the 3rd quarter valued at $92,000. Quest Partners LLC boosted its stake in LiveRamp by 68.8% during the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after purchasing an additional 1,222 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in LiveRamp in the second quarter valued at $149,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.