LiveRamp (NYSE:RAMP) Upgraded at StockNews.com

StockNews.com upgraded shares of LiveRamp (NYSE:RAMP) from a buy rating to a strong-buy rating in a report released on Monday morning.

RAMP has been the subject of a number of other research reports. Wells Fargo & Company began coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company. Benchmark cut their price objective on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Macquarie reiterated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, LiveRamp has a consensus rating of “Buy” and a consensus price target of $41.14.

LiveRamp Trading Down 4.6 %

Shares of RAMP opened at $30.43 on Monday. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66. The firm has a market capitalization of $1.99 billion, a P/E ratio of 608.72 and a beta of 0.97. The firm’s 50-day moving average is $28.13 and its two-hundred day moving average is $27.87.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. Analysts predict that LiveRamp will post 0.36 EPS 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 dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now directly owns 24,509 shares in the company, valued at approximately $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction dated 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 directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On LiveRamp

Institutional investors have recently bought and sold shares of the stock. American Capital Management Inc. boosted its holdings in shares of LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock valued at $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Dimensional Fund Advisors LP raised 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 period. Franklin Resources Inc. boosted its holdings in LiveRamp by 11.5% in the third quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock valued at $37,653,000 after acquiring an additional 157,696 shares during the last quarter. Geode Capital Management LLC grew its position in LiveRamp by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock valued at $37,017,000 after acquiring an additional 15,340 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in LiveRamp by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock worth $23,462,000 after acquiring an additional 69,063 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.