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

StockNews.com cut shares of LiveRamp (NYSE:RAMP - Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday.

Several other research firms have also commented on RAMP. Evercore ISI boosted their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Morgan Stanley upped their price target on LiveRamp from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a "buy" rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, LiveRamp presently has an average rating of "Moderate Buy" and a consensus price target of $39.83.

LiveRamp Stock Down 0.0 %

Shares of NYSE RAMP traded down $0.01 during midday trading on Friday, reaching $25.26. 376,405 shares of the company's stock traded hands, compared to its average volume of 629,307. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 2,525.80 and a beta of 1.05. LiveRamp has a one year low of $21.45 and a one year high of $38.00. The stock's 50 day simple moving average is $28.37 and its 200-day simple moving average is $28.92.

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LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. Equities analysts predict that LiveRamp will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of LiveRamp stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the sale, the chief technology officer now directly owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LiveRamp

Several institutional investors and hedge funds have recently modified their holdings of RAMP. Summit Investment Advisors Inc. increased its stake in shares of LiveRamp by 7.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock worth $210,000 after purchasing an additional 462 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in LiveRamp by 2.2% in the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company's stock worth $778,000 after buying an additional 560 shares during the last quarter. Summit Trail Advisors LLC increased its stake in LiveRamp by 0.5% during the 4th quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company's stock worth $3,521,000 after buying an additional 625 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company's stock valued at $62,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Quarry LP lifted its position in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares in the last quarter. 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.