Benchmark Lowers LiveRamp (NYSE:RAMP) Price Target to $42.00

LiveRamp (NYSE:RAMP) had its target price reduced by analysts at Benchmark from $48.00 to $42.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 52.73% from the company’s current price.

Several other brokerages also recently issued reports on RAMP. Evercore ISI cut their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Finally, Craig Hallum cut their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One 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 company’s stock. According to data from MarketBeat.com, LiveRamp has an average rating of “Buy” and a consensus price target of $40.83.

LiveRamp Stock Performance

NYSE RAMP opened at $27.50 on Thursday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 305.56 and a beta of 0.96. LiveRamp has a 1 year low of $21.45 and a 1 year high of $42.66. The business’s fifty day moving average is $24.97 and its two-hundred day moving average is $28.31.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $175.96 million for the quarter, compared to analysts’ expectations of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, research analysts forecast that LiveRamp will post 0.37 earnings per share for the current year.

Insider Transactions at LiveRamp

In other news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares in the company, valued at approximately $614,440.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,538 shares of company stock valued at $495,471. 3.39% of the stock is owned by insiders.

Institutional Investors Weigh In On LiveRamp

A number of large investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund boosted its holdings in LiveRamp by 1.2% in the first quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after purchasing an additional 461 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in LiveRamp by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock valued at $1,030,000 after acquiring an additional 500 shares during the period. Arizona State Retirement System boosted its holdings in LiveRamp by 2.9% during the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock valued at $573,000 after acquiring an additional 523 shares during the period. DT Investment Partners LLC boosted its holdings in LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock valued at $35,000 after acquiring an additional 545 shares during the period. Finally, Covestor Ltd boosted its holdings in LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after acquiring an additional 660 shares during the period. 93.83% of the stock is currently owned by 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.