LiveRamp (NYSE:RAMP) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of LiveRamp (NYSE:RAMP) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $25.00 price target on the stock.

Other research analysts have also recently issued reports about the company. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Evercore ISI cut their price target on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Craig Hallum cut their price target on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie raised LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Benchmark cut their price target on LiveRamp from $56.00 to $48.00 and set a “buy” rating for the company in a report on Monday, October 7th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $41.83.

LiveRamp Stock Performance

Shares of NYSE:RAMP opened at $25.40 on Monday. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The company’s fifty day moving average is $24.96 and its 200-day moving average is $28.55. The company has a market capitalization of $1.69 billion, a PE ratio of 141.11 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The company had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. During the same quarter in the previous year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, analysts forecast that LiveRamp will post 0.37 EPS for the current year.

Insiders Place Their Bets

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,538 shares of company stock valued at $495,471. 3.39% of the stock is currently owned by insiders.

Institutional Trading of LiveRamp

A number of institutional investors and hedge funds have recently modified their holdings of RAMP. Jennison Associates LLC increased its stake in shares of LiveRamp by 286.9% in the 1st quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock valued at $48,545,000 after acquiring an additional 1,043,457 shares during the last quarter. Boston Partners grew its position in shares of LiveRamp by 182.3% in the 1st quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after purchasing an additional 549,846 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of LiveRamp in the 2nd quarter valued at approximately $13,214,000. Assenagon Asset Management S.A. grew its position in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after purchasing an additional 294,743 shares during the period. Finally, Millennium Management LLC grew its position in shares of LiveRamp by 143.8% in the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock valued at $12,240,000 after purchasing an additional 233,329 shares during the period. 93.83% of the stock is owned by institutional investors.

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.