LiveRamp (NYSE:RAMP) Given Outperform Rating at Macquarie

Macquarie restated their outperform rating on shares of LiveRamp (NYSE:RAMP) in a research note published on Thursday,Benzinga reports. The brokerage currently has a $43.00 price target on the stock.

Several other analysts have also recently issued reports on the company. Wells Fargo & Company assumed coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. 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. StockNews.com downgraded shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Benchmark decreased their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Evercore ISI cut their price target on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, LiveRamp has an average rating of “Moderate Buy” and an average target price of $41.14.

LiveRamp Trading Down 0.6 %

Shares of RAMP traded down $0.18 during midday trading on Thursday, reaching $28.32. 868,616 shares of the stock were exchanged, compared to its average volume of 650,282. The company has a market capitalization of $1.89 billion, a P/E ratio of 316.92 and a beta of 0.96. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The company’s 50 day moving average is $25.03 and its two-hundred day moving average is $28.31.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The business had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts expect 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 dated 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 owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the sale, the director now owns 24,509 shares in the company, valued at $614,440.63. This 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 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 transaction 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock valued at $495,471 over the last ninety days. 3.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RAMP. EVR Research LP acquired a new position in shares of LiveRamp in the 2nd quarter valued at about $5,879,000. Vanguard Group Inc. boosted its position in LiveRamp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of LiveRamp by 32.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after purchasing an additional 64,155 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of LiveRamp by 41.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 323,313 shares of the company’s stock worth $11,154,000 after purchasing an additional 94,111 shares during the period. Finally, Seven Eight Capital LP purchased a new position in shares of LiveRamp during the 1st quarter valued at approximately $1,302,000. 93.83% of the stock is owned by institutional investors and hedge funds.

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.