ValuEngine cut shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a report released on Tuesday, December 24th, ValuEngine reports.
A number of other equities research analysts have also weighed in on the company. Morgan Stanley reduced their price objective on LiveRamp from $64.00 to $58.00 and set an overweight rating on the stock in a research report on Wednesday, October 16th. Needham & Company LLC began coverage on LiveRamp in a research report on Friday, December 20th. They set a buy rating and a $67.00 price objective on the stock. Finally, First Analysis upgraded LiveRamp from an outperform rating to a strong-buy rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. LiveRamp presently has an average rating of Buy and a consensus target price of $62.67.
NYSE RAMP traded up $0.64 during midday trading on Tuesday, hitting $45.76. The company had a trading volume of 698,401 shares, compared to its average volume of 675,254. LiveRamp has a twelve month low of $37.30 and a twelve month high of $63.23. The company has a market capitalization of $2.93 billion, a PE ratio of -33.40 and a beta of 1.48. The firm has a 50-day moving average price of $47.89 and a 200-day moving average price of $45.81.
LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.08. LiveRamp had a negative return on equity of 10.49% and a net margin of 280.55%. The company had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $87.08 million. As a group, equities analysts predict that LiveRamp will post -2.24 EPS for the current fiscal year.
In other news, insider James F. Arra sold 14,737 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $49.43, for a total value of $728,449.91. Following the completion of the sale, the insider now directly owns 160,271 shares of the company’s stock, valued at $7,922,195.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Clark M. Kokich sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $43.18, for a total value of $43,180.00. Following the sale, the director now directly owns 67,427 shares of the company’s stock, valued at $2,911,497.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,737 shares of company stock worth $867,200. 5.18% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in LiveRamp by 7,200.2% during the first quarter. FMR LLC now owns 456,701 shares of the company’s stock valued at $24,923,000 after purchasing an additional 450,445 shares during the period. KBC Group NV grew its holdings in LiveRamp by 2,115.4% during the second quarter. KBC Group NV now owns 83,942 shares of the company’s stock valued at $4,070,000 after purchasing an additional 80,153 shares during the period. Advisor Group Inc. grew its holdings in LiveRamp by 100.0% during the second quarter. Advisor Group Inc. now owns 536 shares of the company’s stock valued at $27,000 after purchasing an additional 268 shares during the period. Envestnet Asset Management Inc. bought a new position in LiveRamp during the second quarter valued at $246,000. Finally, Swiss National Bank grew its holdings in LiveRamp by 2.7% during the second quarter. Swiss National Bank now owns 120,600 shares of the company’s stock valued at $5,847,000 after purchasing an additional 3,200 shares during the period. 99.91% of the stock is owned by institutional investors.
About LiveRamp
LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
