LiveRamp (NYSE:RAMP) PT Lowered to $43.00 at Craig Hallum

LiveRamp (NYSE:RAMP) had its price target cut by Craig Hallum from $55.00 to $43.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of LiveRamp from $49.00 to $45.00 and set an overweight rating for the company in a research note on Thursday, May 23rd. Evercore ISI dropped their price target on shares of LiveRamp from $50.00 to $40.00 and set an outperform rating for the company in a research note on Thursday. StockNews.com downgraded shares of LiveRamp from a strong-buy rating to a buy rating in a research note on Tuesday, July 16th. Finally, Benchmark reissued a buy rating and set a $56.00 price target on shares of LiveRamp in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LiveRamp presently has an average rating of Buy and a consensus price target of $46.80.

LiveRamp Stock Performance

Shares of NYSE RAMP traded down $0.09 during trading on Thursday, reaching $21.74. The company had a trading volume of 1,748,802 shares, compared to its average volume of 656,829. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The stock has a market cap of $1.46 billion, a PE ratio of 120.78 and a beta of 1.00. The business’s 50 day moving average price is $30.21 and its 200-day moving average price is $33.14.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The company had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Equities analysts anticipate that LiveRamp will post 0.3 earnings per share for the current year.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 17,299 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the completion of the transaction, the chief technology officer now owns 88,546 shares in the company, valued at $2,758,207.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CTO Mohsin Hussain sold 17,299 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 88,546 shares in the company, valued at $2,758,207.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Bloomston sold 13,055 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 approximately $3,963,538.44. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in LiveRamp by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after acquiring an additional 161,373 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in LiveRamp during the second quarter worth $149,000. Quest Partners LLC raised its position in LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after acquiring an additional 1,222 shares in the last quarter. Arizona State Retirement System raised its position in LiveRamp by 2.9% during the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after acquiring an additional 523 shares in the last quarter. Finally, Versor Investments LP raised its position in LiveRamp by 26.4% during the second quarter. Versor Investments LP now owns 12,910 shares of the company’s stock worth $399,000 after acquiring an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.