StockNews.com Upgrades LiveRamp (NYSE:RAMP) to Strong-Buy

LiveRamp (NYSE:RAMP) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

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

LiveRamp Stock Up 1.7 %

Shares of LiveRamp stock opened at $30.69 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 613.92 and a beta of 0.97. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66. The company’s 50-day simple moving average is $28.37 and its 200-day simple moving average is $27.83.

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

Insider Buying and Selling

In other news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction dated Thursday, September 26th. The stock was 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 owns 24,509 shares in the company, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP raised its position in shares of LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares in the last quarter. DT Investment Partners LLC raised its holdings in LiveRamp by 62.6% in 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 in the last quarter. Quest Partners LLC boosted its stake in LiveRamp by 68.8% during the 2nd 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 during the last quarter. Point72 DIFC Ltd acquired a new position in LiveRamp during the 3rd quarter worth $92,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of LiveRamp in the 2nd quarter worth about $149,000. 93.83% of the stock is currently 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.