LiveRamp’s (RAMP) “Buy” Rating Reaffirmed at Benchmark

LiveRamp (NYSE:RAMP)‘s stock had its “buy” rating restated by research analysts at Benchmark in a note issued to investors on Wednesday,Benzinga reports. They currently have a $45.00 price objective on the stock. Benchmark’s price target would suggest a potential upside of 47.96% from the company’s previous close.

Several other analysts also recently commented on RAMP. Morgan Stanley increased their target price on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Evercore ISI upped their price target on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Macquarie reiterated an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp Trading Up 2.2 %

NYSE RAMP opened at $30.41 on Wednesday. The stock’s fifty day moving average price is $32.17 and its 200-day moving average price is $28.54. The stock has a market cap of $2.00 billion, a P/E ratio of 3,038.50 and a beta of 0.96. LiveRamp has a 12 month low of $21.45 and a 12 month high of $38.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share 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%. As a group, analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On LiveRamp

Several large investors have recently made changes to their positions in RAMP. American Capital Management Inc. boosted its position in shares of LiveRamp by 46.7% during the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after acquiring an additional 916,578 shares during the last quarter. Tributary Capital Management LLC bought a new position in LiveRamp during the fourth quarter valued at $15,251,000. Boston Partners grew its stake in shares of LiveRamp by 109.4% in the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock worth $21,331,000 after buying an additional 360,440 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in shares of LiveRamp by 257.7% in the 3rd quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock valued at $8,365,000 after acquiring an additional 243,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in LiveRamp by 30.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company’s stock worth $29,885,000 after buying an additional 230,478 shares during the period. 93.83% of the stock is owned by institutional investors.

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.