LiveRamp (NYSE:RAMP) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company started coverage on shares of LiveRamp (NYSE:RAMP - Get Free Report) in a research report issued on Monday, Benzinga reports. The firm set an "equal weight" rating and a $25.00 price target on the stock. Wells Fargo & Company's price target indicates a potential downside of 0.02% from the company's previous close.

A number of other research firms also recently weighed in on RAMP. Craig Hallum decreased their price target on shares of LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Macquarie raised shares of LiveRamp to a "strong-buy" rating in a research report on Thursday, August 8th. StockNews.com lowered LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 16th. Benchmark reduced their target price on LiveRamp from $56.00 to $48.00 and set a "buy" rating on the stock in a report on Monday, October 7th. Finally, Evercore ISI lowered their price target on LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $41.83.

LiveRamp Stock Up 1.1 %

RAMP traded up $0.27 on Monday, reaching $25.01. The company had a trading volume of 369,534 shares, compared to its average volume of 652,891. The stock has a 50-day moving average price of $24.97 and a 200-day moving average price of $28.70. The stock has a market capitalization of $1.68 billion, a PE ratio of 138.92 and a beta of 0.96. LiveRamp has a 1 year low of $21.45 and a 1 year high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company's revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, analysts expect that LiveRamp will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Debora B. Tomlin sold 9,765 shares of the firm's 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 approximately $614,440.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp 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 completion of the transaction, the insider now directly owns 117,247 shares of the company's stock, valued at $2,951,106.99. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,538 shares of company stock worth $495,471. Corporate insiders own 3.39% of the company's stock.

Institutional Trading of LiveRamp

Several institutional investors have recently modified their holdings of the business. Jennison Associates LLC raised its stake in LiveRamp by 286.9% during the 1st quarter. Jennison Associates LLC now owns 1,407,098 shares of the company's stock worth $48,545,000 after buying an additional 1,043,457 shares during the period. Boston Partners boosted its holdings in LiveRamp by 182.3% during the first quarter. Boston Partners now owns 851,397 shares of the company's stock worth $29,226,000 after purchasing an additional 549,846 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in LiveRamp in the 2nd quarter worth about $13,214,000. Assenagon Asset Management S.A. increased its stake in LiveRamp by 111.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company's stock valued at $13,857,000 after buying an additional 294,743 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of LiveRamp by 143.8% during the 2nd quarter. Millennium Management LLC now owns 395,619 shares of the company's stock worth $12,240,000 after buying an additional 233,329 shares in the last quarter. 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.

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