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

StockNews.com lowered shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday.

Other research analysts have also issued research reports about the company. Benchmark increased their price objective on LiveRamp from $51.00 to $56.00 and gave the company a buy rating in a report on Thursday, May 23rd. Morgan Stanley cut their price objective on LiveRamp from $49.00 to $45.00 and set an overweight rating for the company in a research report on Thursday, May 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $50.25.

LiveRamp Trading Down 0.5 %

NYSE:RAMP opened at $31.71 on Wednesday. LiveRamp has a twelve month low of $26.99 and a twelve month high of $42.66. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 176.17 and a beta of 1.00. The company has a 50-day moving average of $31.53 and a 200-day moving average of $34.52.

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

Insider Buying and Selling at LiveRamp

In other LiveRamp 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 transaction of $538,863.85. Following the transaction, 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 SEC, which is accessible through this hyperlink. In other news, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the sale, the insider now owns 127,404 shares of the company’s stock, valued at $3,963,538.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mohsin Hussain sold 17,299 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction 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 disclosure for this sale can be found here. Insiders own 2.93% of the company’s stock.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of LiveRamp by 1.4% during the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after buying an additional 115,685 shares in the last quarter. Janus Henderson Group PLC boosted its position in LiveRamp by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock worth $77,662,000 after acquiring an additional 44,808 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LiveRamp by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock worth $84,798,000 after acquiring an additional 21,705 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of LiveRamp by 286.9% in the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock valued at $48,545,000 after purchasing an additional 1,043,457 shares during the last quarter. Finally, Boston Partners boosted its holdings in LiveRamp by 182.3% during the first 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. Institutional investors and hedge funds 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.