LiveRamp (NYSE:RAMP) Upgraded to “Strong-Buy” at StockNews.com

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

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

LiveRamp Stock Up 1.6 %

NYSE RAMP traded up $0.51 during trading hours on Monday, reaching $32.36. The company’s stock had a trading volume of 431,857 shares, compared to its average volume of 635,901. LiveRamp has a 1 year low of $21.45 and a 1 year high of $42.66. The firm’s 50-day moving average price is $27.85 and its 200-day moving average price is $27.85. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 647.20 and a beta of 0.97.

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

Insider Activity

In other news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 3.30 % 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, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares in the company, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently added to or reduced their stakes in RAMP. SG Americas Securities LLC bought a new stake in shares of LiveRamp during the second quarter valued at approximately $509,000. Blue Trust Inc. lifted its holdings in shares of LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after buying an additional 694 shares during the period. DT Investment Partners LLC bought a new position in shares of LiveRamp during the 2nd quarter worth $27,000. Louisiana State Employees Retirement System grew its position in shares of LiveRamp by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after buying an additional 500 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its stake in shares of LiveRamp by 35.0% during the second quarter. Banque Pictet & Cie SA now owns 185,000 shares of the company’s stock valued at $5,724,000 after buying an additional 48,000 shares during the period. 93.83% of the stock is 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.