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

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

Other equities research analysts have also recently issued reports about the company. Macquarie reaffirmed an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on LiveRamp in a research note on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Finally, Benchmark lowered their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One equities 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 data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $41.14.

LiveRamp Price Performance

NYSE:RAMP opened at $30.17 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 603.52 and a beta of 0.97. The business has a fifty day moving average price of $28.37 and a 200-day moving average price of $27.88. LiveRamp has a one year low of $21.45 and a one year high of $42.66.

LiveRamp (NYSE:RAMP) last posted 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. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts expect that LiveRamp will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 28.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kimberly Bloomston sold 4,000 shares of the company’s 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 transaction, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RAMP. American Capital Management Inc. raised its holdings in shares of LiveRamp by 46.7% during the third quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares during the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of LiveRamp during the 2nd quarter valued at about $13,214,000. Assenagon Asset Management S.A. lifted its holdings in shares of LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock valued at $13,857,000 after buying an additional 294,743 shares during the period. Invenomic Capital Management LP boosted its stake in shares of LiveRamp by 257.7% in the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after buying an additional 243,198 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in LiveRamp by 143.8% during the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares during the period. 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.