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

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

Other equities research analysts also recently issued reports about the stock. Benchmark increased their price target on shares of LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. 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 report on Thursday, May 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, LiveRamp has a consensus rating of “Buy” and a consensus target price of $50.25.

LiveRamp Price Performance

RAMP opened at $31.78 on Wednesday. LiveRamp has a fifty-two week low of $26.99 and a fifty-two week high of $42.66. The company’s 50-day moving average is $31.56 and its 200 day moving average is $34.58. The firm has a market capitalization of $2.10 billion, a P/E ratio of 176.57 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last posted 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 company had revenue of $171.85 million during the quarter, compared to the consensus estimate of $159.95 million. LiveRamp had a return on equity of 3.27% and a net margin of 1.80%. On average, equities research analysts expect that LiveRamp will post 0.3 earnings per share for the current year.

Insider Activity

In other news, CTO Mohsin Hussain sold 17,299 shares of LiveRamp 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 directly owns 88,546 shares in the company, valued at approximately $2,758,207.90. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CTO Mohsin Hussain sold 17,299 shares of LiveRamp 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 sale, the chief technology officer now owns 88,546 shares of the company’s stock, valued at approximately $2,758,207.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kimberly Bloomston sold 13,055 shares of the firm’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 sale, 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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Intrinsic Edge Capital Management LLC boosted its stake in 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 purchasing an additional 251,993 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in LiveRamp in the 4th quarter worth about $1,290,000. Vanguard Group Inc. raised its position in LiveRamp by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock worth $234,741,000 after buying an additional 296,586 shares during the last quarter. G2 Investment Partners Management LLC bought a new position in LiveRamp during the 4th quarter valued at about $8,176,000. Finally, Boston Partners boosted 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 acquiring an additional 160,270 shares during the last quarter. Hedge funds and other institutional investors 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.