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

LiveRamp (NYSE:RAMP) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

RAMP has been the subject of a number of other reports. Morgan Stanley cut their target price on LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Benchmark upped their target price on LiveRamp from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $50.25.

LiveRamp Trading Down 1.2 %

RAMP stock opened at $29.80 on Tuesday. The firm has a market capitalization of $1.97 billion, a PE ratio of 165.56 and a beta of 0.96. LiveRamp has a 1-year low of $26.94 and a 1-year high of $42.66. The business’s 50 day simple moving average is $31.73 and its 200 day simple moving average is $34.73.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The firm had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. As a group, sell-side analysts predict that LiveRamp will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other LiveRamp news, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total value of $406,141.05. Following the transaction, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Kimberly Bloomston sold 13,055 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total value of $406,141.05. Following the transaction, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 17,299 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total value of $538,863.85. Following the completion of the transaction, the chief technology officer now owns 88,546 shares in the company, valued at approximately $2,758,207.90. The disclosure for this sale can be found here. 2.93% of the stock is currently owned by insiders.

Institutional Trading of LiveRamp

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 115,685 shares during the period. Janus Henderson Group PLC increased its position in LiveRamp by 2.0% in the first quarter. Janus Henderson Group PLC now owns 2,251,094 shares of the company’s stock worth $77,662,000 after buying an additional 44,808 shares during the last quarter. Dimensional Fund Advisors LP increased its position in LiveRamp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,534 shares of the company’s stock worth $84,798,000 after buying an additional 21,705 shares during the last quarter. Jennison Associates LLC increased its position in LiveRamp by 286.9% in the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company’s stock worth $48,545,000 after buying an additional 1,043,457 shares during the last quarter. Finally, Boston Partners increased its position in LiveRamp by 182.3% in the first quarter. Boston Partners now owns 851,397 shares of the company’s stock worth $29,226,000 after buying an additional 549,846 shares during the last quarter. 93.83% of the stock is currently owned by 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.