LiveRamp (NYSE:RAMP) Raised to “Strong-Buy” at StockNews.com

LiveRamp (NYSE:RAMP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

RAMP has been the subject of several other research reports. Benchmark dropped their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Macquarie reiterated an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. One investment 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. According to data from MarketBeat.com, LiveRamp has an average rating of “Buy” and a consensus price target of $41.14.

LiveRamp Stock Performance

Shares of RAMP opened at $31.90 on Monday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 638.00 and a beta of 0.97. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The business’s fifty day moving average price is $28.00 and its two-hundred day moving average price is $27.85.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. During the same period last year, the company earned $0.21 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. As a group, research analysts forecast that LiveRamp will post 0.36 EPS for the current year.

Insider Buying and Selling at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $244,808.55. Following the transaction, the director now directly owns 24,509 shares in the company, valued at $614,440.63. This trade represents a 28.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Institutional Trading of LiveRamp

A number of large investors have recently added to or reduced their stakes in the company. DT Investment Partners LLC acquired a new stake in shares of LiveRamp in the second quarter valued at approximately $27,000. Quarry LP lifted its holdings in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares during the last quarter. Blue Trust Inc. boosted its position in LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the period. Quest Partners LLC increased its holdings in shares of LiveRamp by 68.8% in the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock valued at $93,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of LiveRamp in the third quarter valued at about $92,000. 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.