LiveRamp (NYSE:RAMP) Stock Rating Upgraded by StockNews.com

LiveRamp (NYSE:RAMP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

A number of other research firms also recently weighed in on RAMP. Benchmark upped their target price on LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Morgan Stanley reduced their target price on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $50.25.

LiveRamp Price Performance

RAMP opened at $31.02 on Tuesday. The business has a 50 day simple moving average of $31.46 and a two-hundred day simple moving average of $34.39. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 172.31 and a beta of 1.00. LiveRamp has a one year low of $27.04 and a one year high of $42.66.

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

Insider Buying and Selling

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

Institutional Trading of LiveRamp

Institutional investors have recently added to or reduced their stakes in the business. Intrinsic Edge Capital Management LLC lifted its holdings in shares of LiveRamp by 61.9% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 659,018 shares of the company’s stock valued at $24,964,000 after buying an additional 251,993 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of LiveRamp during the 4th quarter valued at $1,290,000. Vanguard Group Inc. lifted its holdings in shares of LiveRamp by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after buying an additional 296,586 shares during the period. G2 Investment Partners Management LLC bought a new position in shares of LiveRamp during the 4th quarter valued at $8,176,000. Finally, Boston Partners lifted its holdings in shares of LiveRamp by 113.4% during the 4th quarter. Boston Partners now owns 301,551 shares of the company’s stock valued at $11,693,000 after buying an additional 160,270 shares during the period. 93.83% of the stock is currently owned by hedge funds and other 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.