StockNews.com Upgrades LiveRamp (NYSE:RAMP) to Strong-Buy

LiveRamp (NYSE:RAMP) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

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

LiveRamp Stock Down 0.6 %

Shares of LiveRamp stock opened at $30.17 on Friday. 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 twelve month low of $21.45 and a twelve month high of $42.66. The business has a 50-day moving average price of $28.37 and a 200 day moving average price of $27.88.

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

Insider Transactions at LiveRamp

In related news, Director Debora B. Tomlin sold 9,765 shares of the company’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 completion of the transaction, the director now directly owns 24,509 shares of the company’s stock, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Company insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Large investors have recently modified their holdings of the company. 272 Capital LP purchased a new position in LiveRamp during the 3rd quarter worth $3,914,000. Franklin Resources Inc. raised its holdings in LiveRamp by 11.5% during the third quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock worth $37,653,000 after purchasing an additional 157,696 shares in the last quarter. Geode Capital Management LLC raised its holdings in LiveRamp by 1.0% during the third 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 in the last quarter. Barclays PLC lifted its position in LiveRamp by 56.3% in the third quarter. Barclays PLC now owns 438,121 shares of the company’s stock valued at $10,857,000 after purchasing an additional 157,775 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in LiveRamp by 164.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company’s stock valued at $690,000 after purchasing an additional 17,310 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

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.