LiveRamp (NYSE:RAMP) Raised to Strong-Buy at StockNews.com

Posted by Defense World Staff on Mar 9th, 2024

LiveRamp (NYSE:RAMP – Get Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, March 7th.

RAMP has been the topic of several other reports. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of LiveRamp in a research report on Monday, March 4th. Susquehanna lifted their price objective on LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a report on Friday, February 9th. Morgan Stanley upped their price objective on shares of LiveRamp from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, Craig Hallum increased their price target on shares of LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment 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 company’s stock. Based on data from MarketBeat.com, LiveRamp currently has an average rating of “Buy” and a consensus target price of $41.83.

View Our Latest Research Report on RAMP

LiveRamp Price Performance

LiveRamp stock traded up $0.33 during mid-day trading on Thursday, reaching $25.12. 54,055 shares of the stock traded hands, compared to its average volume of 644,156. The business’s 50-day moving average is $24.94 and its 200-day moving average is $28.37. LiveRamp has a 12-month low of $21.45 and a 12-month high of $42.66. The stock has a market capitalization of $1.67 billion, a PE ratio of 276.92 and a beta of 0.96.

LiveRamp (NYSE:RAMP – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million during the quarter, compared to analysts’ expectations of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. LiveRamp’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. Equities analysts anticipate that LiveRamp will post 0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of the firm’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 sale, the chief technology officer now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now directly owns 24,509 shares in the company, valued at $614,440.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the transaction, the chief technology officer now directly 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 three months, insiders have sold 19,538 shares of company stock valued at $495,471. Company insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Several hedge funds have recently modified their holdings of the stock. DT Investment Partners LLC acquired a new position in shares of LiveRamp in the 2nd quarter worth approximately $27,000. Montag A & Associates Inc. purchased a new position in shares of LiveRamp during the second quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new position in shares of LiveRamp in the fourth quarter valued at about $29,000. Quarry LP raised its stake in shares of LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after acquiring an additional 915 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of LiveRamp by 198.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after acquiring an additional 523 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

About LiveRamp

(Get Free Report)

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.

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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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LiveRamp (NYSE:RAMP – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, March 7th.

RAMP has been the topic of several other research reports. Morgan Stanley raised their price target on shares of LiveRamp from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Susquehanna increased their target price on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Benchmark reiterated a “buy” rating and set a $51.00 price objective on shares of LiveRamp in a report on Monday, March 4th. Finally, Craig Hallum raised their target price on shares of LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, LiveRamp presently has an average rating of “Buy” and a consensus price target of $41.83.

Read Our Latest Research Report on RAMP

LiveRamp Stock Performance

RAMP traded up $0.33 on Thursday, hitting $25.12. 54,055 shares of the company were exchanged, compared to its average volume of 644,156. LiveRamp has a 12 month low of $21.45 and a 12 month high of $42.66. The company has a market cap of $1.67 billion, a PE ratio of 276.92 and a beta of 0.96. The stock’s fifty day moving average is $24.94 and its 200-day moving average is $28.37.

LiveRamp (NYSE:RAMP – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 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 business had revenue of $175.96 million during the quarter, compared to analyst estimates of $171.92 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that LiveRamp will post 0.37 EPS for the current fiscal year.

Insider Activity at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the firm’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 transaction, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. This trade 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 accessible through this link. In related news, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $614,440.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock worth $495,471 over the last quarter. 3.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LiveRamp

Several large investors have recently made changes to their positions in the business. DT Investment Partners LLC acquired a new position in LiveRamp in the second quarter valued at approximately $27,000. Montag A & Associates Inc. purchased a new position in shares of LiveRamp during the 2nd quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in shares of LiveRamp during the 4th quarter worth approximately $29,000. Quarry LP lifted its stake in shares of LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after acquiring an additional 915 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 198.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after acquiring an additional 523 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.