LiveRamp’s (RAMP) “Outperform” Rating Reaffirmed at Macquarie

Macquarie reiterated their outperform rating on shares of LiveRamp (NYSE:RAMP) in a research note released on Thursday,Benzinga reports. They currently have a $43.00 target price on the stock.

RAMP has been the topic of several other research reports. Wells Fargo & Company started coverage on shares of LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. Craig Hallum lowered their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI cut their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. StockNews.com downgraded LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Benchmark dropped their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, LiveRamp presently has an average rating of “Moderate Buy” and an average price target of $41.14.

LiveRamp Price Performance

RAMP stock traded down $0.18 during mid-day trading on Thursday, reaching $28.32. 868,616 shares of the company’s stock were exchanged, compared to its average volume of 650,282. LiveRamp has a 12-month low of $21.45 and a 12-month high of $42.66. The stock’s 50 day moving average is $25.03 and its 200 day moving average is $28.31. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 316.92 and a beta of 0.96.

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

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred 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 sale, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the transaction, the chief technology officer now owns 73,614 shares in the company, 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 90 days, insiders have sold 19,538 shares of company stock worth $495,471. 3.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveRamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DT Investment Partners LLC acquired a new stake in shares of LiveRamp during the 2nd quarter worth about $27,000. Quarry LP lifted its holdings in shares of LiveRamp by 4,575.0% in 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 last quarter. Blue Trust Inc. boosted its position in shares of LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the period. Covestor Ltd increased its holdings in LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after purchasing an additional 660 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in LiveRamp in the first quarter valued at approximately $87,000. Hedge funds and other 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.