LiveRamp (NYSE:RAMP) Stock Rating Upgraded by StockNews.com

LiveRamp (NYSE:RAMP - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Tuesday.

Several other brokerages have also recently weighed in on RAMP. Morgan Stanley reiterated an "equal weight" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, LiveRamp currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.17.

LiveRamp Price Performance

NYSE:RAMP traded up $0.29 during mid-day trading on Tuesday, reaching $26.89. 82,467 shares of the company's stock traded hands, compared to its average volume of 629,571. The company has a 50 day moving average price of $27.11 and a 200-day moving average price of $28.94. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 2,687.00 and a beta of 1.05. LiveRamp has a 12-month low of $21.45 and a 12-month high of $38.00.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.23 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%. As a group, analysts forecast that LiveRamp will post 0.48 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On LiveRamp

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of LiveRamp by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company's stock worth $268,700,000 after buying an additional 118,179 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in LiveRamp by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock worth $81,843,000 after buying an additional 121,856 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of LiveRamp by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock worth $54,600,000 after acquiring an additional 168,418 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of LiveRamp by 3.7% during the 4th quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company's stock worth $48,073,000 after acquiring an additional 56,667 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of LiveRamp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock valued at $37,017,000 after acquiring an additional 15,340 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.