Debora B. Tomlin Sells 9,765 Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) Stock

LiveRamp Holdings, Inc. (NYSE:RAMP) Director Debora B. Tomlin sold 9,765 shares of LiveRamp 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 owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

LiveRamp Stock Up 0.6 %

LiveRamp stock opened at $25.09 on Friday. The business has a 50-day simple moving average of $26.03 and a two-hundred day simple moving average of $30.11. LiveRamp Holdings, Inc. has a 52-week low of $21.45 and a 52-week high of $42.66. The company has a market cap of $1.68 billion, a P/E ratio of 139.39 and a beta of 0.96.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. StockNews.com lowered LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI dropped their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Craig Hallum reduced their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark restated a “buy” rating and set a $56.00 price objective on shares of LiveRamp in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $46.80.

Institutional Trading of LiveRamp

Several hedge funds have recently bought and sold shares of RAMP. DT Investment Partners LLC bought a new position in shares of LiveRamp in the second quarter worth about $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 acquiring an additional 915 shares during the period. Blue Trust Inc. lifted its holdings in LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after purchasing an additional 694 shares in the last quarter. Covestor Ltd boosted its position in shares of LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after purchasing an additional 660 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of LiveRamp in the first quarter worth $87,000. 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.