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

StockNews.com lowered shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Other analysts have also issued reports about the company. Morgan Stanley lowered their price objective on LiveRamp from $49.00 to $45.00 and set an overweight rating for the company in a report on Thursday, May 23rd. Benchmark boosted their price target on LiveRamp from $51.00 to $56.00 and gave the company a buy rating in a report on Thursday, May 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $50.25.

LiveRamp Stock Up 0.2 %

Shares of RAMP opened at $31.85 on Wednesday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 176.95 and a beta of 1.00. The business’s 50 day moving average is $31.55 and its two-hundred day moving average is $34.56. LiveRamp has a 52-week low of $26.99 and a 52-week high of $42.66.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. On average, equities analysts expect that LiveRamp will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 17,299 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total transaction of $538,863.85. Following the completion of the transaction, the chief technology officer now directly owns 88,546 shares of the company’s stock, valued at $2,758,207.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Kimberly Bloomston sold 13,055 shares of LiveRamp stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the sale, the insider now directly owns 127,404 shares in the company, valued at approximately $3,963,538.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Mohsin Hussain sold 17,299 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total transaction of $538,863.85. Following the completion of the transaction, the chief technology officer now owns 88,546 shares of the company’s stock, valued at approximately $2,758,207.90. The disclosure for this sale can be found here. 2.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On LiveRamp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in LiveRamp during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust raised its stake in shares of LiveRamp by 198.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after purchasing an additional 523 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in LiveRamp by 62.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after purchasing an additional 737 shares during the period. Covestor Ltd grew its position in LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after buying an additional 660 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in LiveRamp during the 1st quarter valued at about $87,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.