StockNews.com Lowers LiveRamp (NYSE:RAMP) to Buy

StockNews.com cut shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

A number of other brokerages have also commented on RAMP. Benchmark lifted their price target on LiveRamp from $51.00 to $56.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Morgan Stanley decreased their price objective on LiveRamp from $49.00 to $45.00 and set an overweight rating on the stock in a research note on Thursday, May 23rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $50.25.

LiveRamp Price Performance

RAMP opened at $30.36 on Tuesday. LiveRamp has a fifty-two week low of $26.99 and a fifty-two week high of $42.66. The firm has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $34.64. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 168.68 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. As a group, analysts expect that LiveRamp will post 0.3 EPS for the current year.

Insider Activity

In related news, insider Kimberly Bloomston sold 13,055 shares of LiveRamp stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total transaction of $406,141.05. Following the sale, the insider now owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other LiveRamp news, CTO Mohsin Hussain sold 17,299 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the transaction, the chief technology officer now directly owns 88,546 shares in the company, valued at approximately $2,758,207.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the transaction, the insider now owns 127,404 shares of the company’s stock, valued at $3,963,538.44. The disclosure for this sale can be found here. Insiders own 2.93% of the company’s stock.

Institutional Trading of LiveRamp

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in LiveRamp by 1.4% during the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares during the period. Janus Henderson Group PLC boosted its position in shares of LiveRamp by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock worth $77,662,000 after buying an additional 44,808 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LiveRamp by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock valued at $84,798,000 after acquiring an additional 21,705 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of LiveRamp by 286.9% during the 1st quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock worth $48,545,000 after acquiring an additional 1,043,457 shares during the period. Finally, Boston Partners lifted its stake 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 in the last quarter. 93.83% of the stock is owned by hedge funds and other 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.