LiveRamp (NYSE:RAMP) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of LiveRamp (NYSE:RAMP) from a buy rating to a strong-buy rating in a research note released on Tuesday.

A number of other research firms also recently weighed in on RAMP. Craig Hallum raised their price target on LiveRamp from $42.00 to $50.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Benchmark reaffirmed a buy rating and set a $51.00 price target on shares of LiveRamp in a research note on Monday, March 4th. Finally, Susquehanna raised their price target on LiveRamp from $45.00 to $50.00 and gave the stock a positive rating in a research note on Friday, February 9th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $47.75.

LiveRamp Trading Up 1.3 %

Shares of NYSE RAMP opened at $32.18 on Tuesday. LiveRamp has a one year low of $22.52 and a one year high of $42.66. The firm has a market capitalization of $2.11 billion, a PE ratio of -146.27 and a beta of 1.00. The business has a 50-day moving average price of $34.74 and a two-hundred day moving average price of $34.44.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. The firm had revenue of $173.87 million during the quarter, compared to analyst estimates of $174.00 million. Research analysts anticipate that LiveRamp will post 0.64 EPS for the current year.

Insider Activity at LiveRamp

In related news, Director Timothy R. Cadogan sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the transaction, the director now directly owns 51,016 shares of the company’s stock, valued at approximately $1,887,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.93% of the stock is owned by company insiders.

Institutional Trading of LiveRamp

Several institutional investors have recently modified their holdings of RAMP. BlackRock Inc. raised its position in LiveRamp by 0.8% in the 3rd quarter. BlackRock Inc. now owns 11,568,006 shares of the company’s stock valued at $210,074,000 after purchasing an additional 92,629 shares during the last quarter. Vanguard Group Inc. boosted its stake in LiveRamp by 3.8% in the third quarter. Vanguard Group Inc. now owns 8,139,409 shares of the company’s stock valued at $234,741,000 after acquiring an additional 296,586 shares during the last quarter. Capital International Investors grew its holdings in LiveRamp by 8.7% during the 1st quarter. Capital International Investors now owns 3,065,422 shares of the company’s stock worth $114,616,000 after acquiring an additional 244,405 shares during the period. Lazard Asset Management LLC raised its position in shares of LiveRamp by 13.9% during the 1st quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock valued at $107,815,000 after acquiring an additional 351,876 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of LiveRamp by 0.5% in the 2nd quarter. State Street Corp now owns 2,448,383 shares of the company’s stock valued at $69,926,000 after purchasing an additional 12,183 shares during the period. Institutional investors and hedge funds 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.