LiveRamp (NYSE:RAMP) Given New $42.00 Price Target at Benchmark

LiveRamp (NYSE:RAMP) had its price target decreased by Benchmark from $48.00 to $42.00 in a research report report published on Thursday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

RAMP has been the topic of a number of other research reports. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 price target on the stock. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Craig Hallum decreased 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. Finally, Evercore ISI cut their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.14.

LiveRamp Trading Down 0.7 %

NYSE:RAMP traded down $0.19 during mid-day trading on Thursday, hitting $28.31. 632,888 shares of the company’s stock traded hands, compared to its average volume of 649,195. LiveRamp has a 12 month low of $21.45 and a 12 month high of $42.66. The firm has a 50 day moving average of $25.03 and a two-hundred day moving average of $28.31. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 316.92 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released 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 business had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. LiveRamp’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, equities research analysts expect that LiveRamp will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now owns 24,509 shares in the company, valued at $614,440.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares in the company, valued at approximately $614,440.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,538 shares of company stock worth $495,471. 3.39% of the stock is owned by corporate insiders.

Institutional Trading of LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of RAMP. Vanguard Group Inc. lifted its stake in shares of LiveRamp by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after acquiring an additional 115,685 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of LiveRamp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,265,391 shares of the company’s stock worth $70,090,000 after buying an additional 161,373 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of 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 in the last quarter. Boston Partners boosted its stake in LiveRamp by 182.3% in the first quarter. Boston Partners now owns 851,397 shares of the company’s stock valued at $29,226,000 after acquiring an additional 549,846 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after purchasing an additional 294,743 shares during the last quarter. Hedge funds and other 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.