LiveRamp's (RAMP) Outperform Rating Reaffirmed at Macquarie

LiveRamp (NYSE:RAMP - Get Free Report)'s stock had its "outperform" rating reiterated by Macquarie in a note issued to investors on Thursday,Benzinga reports. They presently have a $43.00 price objective on the stock. Macquarie's price target would suggest a potential upside of 48.28% from the company's previous close.

A number of other research analysts have also weighed in on RAMP. Craig Hallum decreased their target price on shares of LiveRamp from $55.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company assumed coverage on LiveRamp in a research note on Monday, October 28th. They set an "equal weight" rating and a $25.00 price objective on the stock. Benchmark cut their target price on LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday. Evercore ISI cut their price objective on shares of LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com lowered shares of LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.14.

LiveRamp Trading Up 10.2 %

NYSE:RAMP traded up $2.68 during trading hours on Thursday, reaching $29.00. 685,755 shares of the company were exchanged, compared to its average volume of 646,514. The firm has a market cap of $1.93 billion, a PE ratio of 322.22 and a beta of 0.96. The stock's 50-day moving average is $24.97 and its 200-day moving average is $28.31. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $171.92 million. During the same quarter last year, the firm posted $0.09 EPS. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, research analysts anticipate that LiveRamp will post 0.37 EPS for the current year.

Insider Activity

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred 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 owns 117,247 shares of the company's stock, valued at $2,951,106.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 117,247 shares of the company's stock, valued at approximately $2,951,106.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,538 shares of company stock valued at $495,471. Insiders own 3.39% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. DT Investment Partners LLC purchased a new position in LiveRamp in the second quarter valued at about $27,000. Quarry LP lifted its position in shares of LiveRamp by 4,575.0% during 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 last quarter. Blue Trust Inc. boosted its holdings in LiveRamp by 187.1% in the second quarter. Blue Trust Inc. now owns 1,065 shares of the company's stock worth $33,000 after purchasing an additional 694 shares during the period. Covestor Ltd lifted its position in shares of LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company's stock worth $73,000 after buying an additional 660 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of LiveRamp during the 1st quarter valued at about $87,000. 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.

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