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

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

RAMP has been the subject of several other reports. Benchmark lowered their price objective on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Macquarie reiterated an "outperform" rating and issued a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Finally, 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 price objective for the company. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.14.

LiveRamp Stock Performance

NYSE:RAMP opened at $30.17 on Friday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 603.52 and a beta of 0.97. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The stock has a fifty day moving average price of $28.37 and a 200-day moving average price of $27.86.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share 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 business had revenue of $185.00 million during the quarter, compared to analysts' expectations of $176.16 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. LiveRamp's revenue was up 15.6% compared to the same quarter last year. Research analysts predict that LiveRamp will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Debora B. Tomlin sold 9,765 shares of the 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 completion of the sale, the director now directly owns 24,509 shares in the company, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $100,680.00. Following the transaction, the insider now directly owns 117,247 shares of the company's stock, valued at approximately $2,951,106.99. This represents a 3.30 % 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 corporate insiders.

Institutional Investors Weigh In On LiveRamp

Several institutional investors and hedge funds have recently made changes to their positions in RAMP. EVR Research LP bought a new stake in LiveRamp in the second quarter valued at approximately $5,879,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of LiveRamp in the 3rd quarter worth approximately $1,187,000. Royce & Associates LP boosted its stake in shares of LiveRamp by 75.6% in the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company's stock valued at $7,878,000 after purchasing an additional 136,900 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company's stock worth $1,658,000 after buying an additional 52,166 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in LiveRamp by 111.4% during the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock worth $13,857,000 after buying an additional 294,743 shares during the last quarter. Institutional investors and hedge funds 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.