Benchmark Cuts LiveRamp (NYSE:RAMP) Price Target to $42.00

LiveRamp (NYSE:RAMP - Free Report) had its target price trimmed by Benchmark from $48.00 to $42.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Evercore ISI reduced their price target on LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. StockNews.com cut LiveRamp from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 16th. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They set an "equal weight" rating and a $25.00 target price for the company. Macquarie upgraded LiveRamp to a "strong-buy" rating in a research report on Thursday, August 8th. Finally, Craig Hallum cut their target price on LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, LiveRamp has a consensus rating of "Moderate Buy" and an average price target of $41.14.

LiveRamp Stock Performance

Shares of NYSE:RAMP traded up $2.20 during midday trading on Thursday, reaching $28.52. 1,281,137 shares of the company's stock traded hands, compared to its average volume of 649,270. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 320.70 and a beta of 0.96. LiveRamp has a one year low of $21.45 and a one year high of $42.66. The stock has a 50 day moving average of $24.97 and a 200 day moving average of $28.31.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.04. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. LiveRamp's revenue was up 14.2% on a year-over-year basis. Sell-side analysts predict that LiveRamp will post 0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp 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 transaction of $100,680.00. Following the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction on Thursday, September 26th. The stock was 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 approximately $614,440.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp 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 in the company, valued at $2,951,106.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock worth $495,471 in the last ninety days. 3.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RAMP. Boston Partners lifted its position in LiveRamp by 182.3% during the 1st quarter. Boston Partners now owns 851,397 shares of the company's stock worth $29,226,000 after acquiring an additional 549,846 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in LiveRamp during the 2nd quarter worth about $13,214,000. Assenagon Asset Management S.A. lifted its position in LiveRamp by 111.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock worth $13,857,000 after acquiring an additional 294,743 shares during the period. Millennium Management LLC lifted its position in LiveRamp by 143.8% during the 2nd 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. Finally, EVR Research LP acquired a new stake in LiveRamp during the 2nd quarter worth about $5,879,000. 93.83% of the stock is currently owned by hedge funds and other 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.