LiveRamp (NYSE:RAMP) Rating Lowered to Buy at StockNews.com

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

Several other equities analysts also recently commented on RAMP. Morgan Stanley cut their price target on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Benchmark increased their price target on LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LiveRamp presently has an average rating of “Buy” and an average price target of $50.25.

LiveRamp Price Performance

NYSE:RAMP opened at $31.87 on Wednesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 177.07 and a beta of 1.00. The business has a 50 day simple moving average of $31.55 and a 200-day simple moving average of $34.54. LiveRamp has a 1 year low of $26.99 and a 1 year high of $42.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). LiveRamp had a return on equity of 3.27% and a net margin of 1.80%. The company had revenue of $171.85 million during the quarter, compared to the consensus estimate of $159.95 million. As a group, analysts expect that LiveRamp will post 0.3 earnings per share for the current fiscal year.

Insider Activity at LiveRamp

In other LiveRamp news, insider Kimberly Bloomston sold 13,055 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the transaction, the insider now directly owns 127,404 shares in the company, valued at approximately $3,963,538.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Mohsin Hussain sold 17,299 shares of LiveRamp stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total value of $538,863.85. Following the completion of the sale, the chief technology officer now directly owns 88,546 shares in the company, valued at $2,758,207.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Bloomston sold 13,055 shares of the 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 transaction, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The disclosure for this sale can be found here. 2.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in LiveRamp in the first quarter worth approximately $87,000. Boston Partners lifted its stake in shares of LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company’s stock worth $29,226,000 after purchasing an additional 549,846 shares during the last quarter. Motley Fool Asset Management LLC bought a new stake in LiveRamp during the first quarter valued at about $915,000. Janus Henderson Group PLC grew its stake in LiveRamp by 2.0% in the first quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock valued at $77,662,000 after purchasing an additional 44,808 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in LiveRamp by 2.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 179,796 shares of the company’s stock worth $6,203,000 after purchasing an additional 4,567 shares in the last quarter. 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.