LiveRamp (NYSE:RAMP) Cut to Buy at StockNews.com

StockNews.com cut shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Several other research firms also recently issued reports on RAMP. Morgan Stanley lifted their price target on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Evercore ISI raised their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, LiveRamp has an average rating of “Moderate Buy” and a consensus target price of $39.83.

LiveRamp Stock Up 1.2 %

Shares of RAMP opened at $25.27 on Friday. LiveRamp has a 52-week low of $21.45 and a 52-week high of $38.00. The company has a 50-day simple moving average of $28.58 and a 200-day simple moving average of $28.95. The company has a market capitalization of $1.66 billion, a PE ratio of 2,527.00 and a beta of 1.05.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. On average, research analysts anticipate that LiveRamp will post 0.48 EPS for the current year.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now directly owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of LiveRamp by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company’s stock worth $268,700,000 after buying an additional 118,179 shares during the period. Dimensional Fund Advisors LP increased its stake in LiveRamp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company’s stock worth $81,843,000 after acquiring an additional 121,856 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of LiveRamp by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company’s stock worth $54,600,000 after purchasing an additional 168,418 shares during the period. Franklin Resources Inc. lifted its stake in shares of LiveRamp by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company’s stock valued at $48,073,000 after purchasing an additional 56,667 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of LiveRamp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after purchasing an additional 15,340 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

About LiveRamp

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.