LiveRamp (NYSE:RAMP) PT Lowered to $48.00 at Benchmark

LiveRamp (NYSE:RAMP) had its target price decreased by investment analysts at Benchmark from $56.00 to $48.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 97.13% from the stock’s previous close.

Several other analysts have also recently commented on the stock. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI reduced their price objective on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Craig Hallum reduced their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, LiveRamp has an average rating of “Buy” and an average price target of $45.20.

LiveRamp Trading Down 0.6 %

RAMP stock traded down $0.14 during midday trading on Monday, hitting $24.35. The company had a trading volume of 5,070 shares, compared to its average volume of 657,475. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 135.39 and a beta of 0.96. The stock’s 50 day moving average price is $25.42 and its 200 day moving average price is $29.75.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The company had revenue of $175.96 million during the quarter, compared to analysts’ expectations of $171.92 million. During the same period last year, the company posted $0.09 earnings per share. LiveRamp’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts predict that LiveRamp will post 0.37 earnings per share for the current year.

Insider Activity

In other news, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction on Friday, August 30th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction on Friday, August 30th. The stock was 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 in the company, valued at approximately $1,912,491.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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 institutional investors and hedge funds have recently modified their holdings of RAMP. DT Investment Partners LLC acquired a new stake in shares of LiveRamp during the 2nd quarter worth approximately $27,000. Quarry LP raised its position in shares of LiveRamp by 4,575.0% during the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares during the period. Blue Trust Inc. raised its position in shares of LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the period. Covestor Ltd raised 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 worth $73,000 after purchasing an additional 660 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of LiveRamp during the 1st quarter worth approximately $87,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.