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

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

RAMP has been the topic of several other reports. Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price target on the stock. Macquarie reissued an "outperform" rating and issued a $43.00 price target on shares of LiveRamp in a report on Thursday, November 7th. Finally, Benchmark decreased their price target on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating on the stock 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $41.14.

LiveRamp Stock Down 0.6 %

Shares of NYSE:RAMP traded down $0.18 during trading on Friday, reaching $30.17. The stock had a trading volume of 2,121,489 shares, compared to its average volume of 640,014. The stock has a fifty day simple moving average of $28.37 and a two-hundred day simple moving average of $27.86. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 603.52 and a beta of 0.97.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. During the same quarter last year, the firm posted $0.21 EPS. The business's quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that LiveRamp will post 0.36 EPS for the current year.

Insider Activity at LiveRamp

In other news, insider Kimberly Bloomston sold 4,000 shares of the business'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 sale, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now directly owns 24,509 shares of the company's stock, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Institutional Trading of LiveRamp

Large investors have recently made changes to their positions in the business. Quarry LP increased its position in LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company's stock worth $29,000 after purchasing an additional 915 shares during the period. DT Investment Partners LLC lifted its holdings in LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock valued at $35,000 after buying an additional 545 shares during the period. Point72 DIFC Ltd bought a new position in LiveRamp in the third quarter valued at approximately $92,000. Quest Partners LLC grew its position in shares of LiveRamp by 68.8% during the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company's stock worth $93,000 after buying an additional 1,222 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of LiveRamp in the 2nd quarter valued at $149,000. Institutional investors own 93.83% of the company's stock.

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.