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

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

Other research analysts also recently issued reports about the company. Macquarie restated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research note on Thursday, November 7th. Wells Fargo & Company started 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 for the company. Finally, Benchmark cut their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $41.14.

LiveRamp Price Performance

RAMP stock opened at $30.69 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 613.92 and a beta of 0.97. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.66. The firm has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $27.83.

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

Insider Activity at LiveRamp

In other LiveRamp news, 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 represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now directly owns 24,509 shares in the company, valued at $614,440.63. This 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 Investors Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently modified their holdings of RAMP. Quarry LP increased its position in shares of LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares in the last quarter. DT Investment Partners LLC grew its position in LiveRamp by 62.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after purchasing an additional 545 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in LiveRamp during the 3rd quarter valued at $92,000. Quest Partners LLC lifted 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of LiveRamp in the second quarter worth $149,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.