LiveRamp (NYSE:RAMP) Shares Gap Up – Should You Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.32, but opened at $28.91. LiveRamp shares last traded at $28.73, with a volume of 204,142 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RAMP shares. Wells Fargo & Company began coverage on LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Craig Hallum reduced their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark lowered their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday. Macquarie reiterated an “outperform” rating and set a $43.00 price objective on shares of LiveRamp in a report on Thursday. Finally, StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.14.

LiveRamp Price Performance

The business’s 50-day simple moving average is $25.08 and its two-hundred day simple moving average is $28.28. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 314.65 and a beta of 0.96.

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

Insider Transactions at LiveRamp

In related news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction dated 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 directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,538 shares of company stock valued at $495,471 over the last quarter. Company insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Several institutional investors and hedge funds have recently made changes to their positions in the company. DT Investment Partners LLC bought a new stake in LiveRamp during the 2nd quarter valued at $27,000. Quarry LP raised its position in LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares in the last quarter. Blue Trust Inc. lifted its holdings in LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after acquiring an additional 694 shares during the last quarter. Covestor Ltd boosted its position in shares of LiveRamp by 44.9% during 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of LiveRamp in the 1st quarter worth approximately $87,000. 93.83% of the stock is owned by institutional investors and hedge funds.

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.