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

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

RAMP has been the subject of several other reports. Macquarie restated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target on the stock. Finally, Benchmark lowered their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $41.14.

LiveRamp Stock Performance

Shares of LiveRamp stock opened at $31.90 on Monday. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66. The stock has a market cap of $2.08 billion, a PE ratio of 638.00 and a beta of 0.97. The firm has a 50-day moving average of $28.00 and a 200-day moving average of $27.85.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities research analysts predict that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. This represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently bought and sold shares of RAMP. DT Investment Partners LLC bought a new stake in LiveRamp in the second quarter valued at $27,000. Quarry LP raised its stake in LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after buying an additional 915 shares during the period. Blue Trust Inc. boosted its holdings in LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in LiveRamp in the third quarter valued at approximately $92,000. Finally, Quest Partners LLC increased its holdings in shares of LiveRamp by 68.8% during the second quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock valued at $93,000 after acquiring an additional 1,222 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.