LiveRamp (NYSE:RAMP) Given New $42.00 Price Target at Benchmark

LiveRamp (NYSE:RAMP) had its target price cut by Benchmark from $48.00 to $42.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on RAMP. Craig Hallum dropped their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI dropped their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Macquarie raised LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company assumed coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price target for the company. Finally, StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.14.

LiveRamp Stock Down 0.7 %

Shares of RAMP opened at $28.31 on Thursday. The stock has a market cap of $1.85 billion, a P/E ratio of 566.20 and a beta of 0.96. The business’s fifty day moving average is $25.08 and its 200 day moving average is $28.25. LiveRamp has a 12-month low of $21.45 and a 12-month high of $42.66.

LiveRamp (NYSE:RAMP) last released 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. The firm had revenue of $175.96 million for the quarter, compared to analyst estimates of $171.92 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share. On average, analysts expect that LiveRamp will post 0.37 EPS for the current year.

Insider Activity

In related news, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the firm’s 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 of the company’s stock, valued at $614,440.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mohsin Hussain sold 5,773 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares in the company, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock valued at $495,471 in the last ninety days. 3.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently added to or reduced their stakes in the company. EVR Research LP bought a new position in LiveRamp during the second quarter worth about $5,879,000. Vanguard Group Inc. lifted its stake in shares of LiveRamp by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after buying an additional 115,685 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in LiveRamp by 32.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after buying an additional 64,155 shares during the period. Lord Abbett & CO. LLC grew its stake in LiveRamp by 41.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 323,313 shares of the company’s stock valued at $11,154,000 after buying an additional 94,111 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in LiveRamp during the 1st quarter valued at $1,302,000. Hedge funds and other 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.