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

Benchmark reaffirmed their buy rating on shares of LiveRamp (NYSE:RAMP) in a report issued on Wednesday morning,Benzinga reports. Benchmark currently has a $45.00 price objective on the stock.

Several other research analysts have also commented on RAMP. Macquarie reiterated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Evercore ISI lifted their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a 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, Morgan Stanley raised their price target on shares of LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp Price Performance

RAMP opened at $29.92 on Wednesday. The stock has a market capitalization of $1.97 billion, a PE ratio of 2,992.00 and a beta of 0.96. LiveRamp has a 12-month low of $21.45 and a 12-month high of $38.00. The firm’s fifty day moving average price is $32.14 and its 200 day moving average price is $28.61.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) 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%. On average, equities research analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of LiveRamp by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company’s stock valued at $268,700,000 after purchasing an additional 118,179 shares in the last quarter. American Capital Management Inc. raised 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 worth $71,312,000 after buying an additional 916,578 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LiveRamp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company’s stock worth $81,843,000 after acquiring an additional 121,856 shares during the period. Janus Henderson Group PLC lifted its stake in shares of LiveRamp by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company’s stock worth $54,600,000 after acquiring an additional 168,418 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of LiveRamp by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company’s stock valued at $48,073,000 after acquiring an additional 56,667 shares in the last quarter. Institutional investors 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.