LiveRamp (NYSE:RAMP) PT Lowered to $50.00

LiveRamp (NYSE:RAMP – Get Rating) had its price objective reduced by analysts at Susquehanna Bancshares from $90.00 to $50.00 in a research note issued on Wednesday, Stock Target Advisor reports. The firm presently has a “positive” rating on the stock. Susquehanna Bancshares’ price target would suggest a potential upside of 94.93% from the stock’s previous close.

RAMP has been the topic of several other research reports. Craig Hallum cut their target price on LiveRamp from $60.00 to $30.00 in a research note on Wednesday. Zacks Investment Research raised LiveRamp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. BMO Capital Markets raised LiveRamp from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Tuesday, March 15th. Wells Fargo & Company dropped their target price on LiveRamp from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, February 10th. Finally, TheStreet lowered LiveRamp from a “c-” rating to a “d+” rating in a research report on Friday, April 1st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $60.82.

NYSE:RAMP traded up $2.64 during mid-day trading on Wednesday, hitting $25.65. The company had a trading volume of 22,206 shares, compared to its average volume of 482,328. LiveRamp has a fifty-two week low of $22.75 and a fifty-two week high of $58.74. The business’s fifty day moving average is $33.39 and its two-hundred day moving average is $41.26. The firm has a market cap of $1.75 billion, a P/E ratio of -50.51 and a beta of 1.16.

LiveRamp (NYSE:RAMP – Get Rating) last released its earnings results on Tuesday, May 24th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). LiveRamp had a negative net margin of 6.93% and a negative return on equity of 1.93%. The company had revenue of $142.00 million during the quarter, compared to analyst estimates of $139.34 million. During the same period in the previous year, the company posted ($0.49) EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts anticipate that LiveRamp will post 0.16 earnings per share for the current year.

In related news, CEO Scott E. Howe sold 55,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $30.90, for a total value of $1,699,500.00. Following the completion of the sale, the chief executive officer now directly owns 720,542 shares in the company, valued at approximately $22,264,747.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.34% of the company’s stock.

Several institutional investors have recently bought and sold shares of RAMP. Hawk Ridge Capital Management LP acquired a new position in shares of LiveRamp during the 1st quarter worth $25,888,000. Norges Bank acquired a new position in shares of LiveRamp during the 4th quarter worth $30,011,000. Schroder Investment Management Group raised its holdings in shares of LiveRamp by 29.3% during the 4th quarter. Schroder Investment Management Group now owns 2,307,847 shares of the company’s stock worth $110,661,000 after buying an additional 523,243 shares in the last quarter. FMR LLC grew its position in LiveRamp by 7,200.2% during the 1st quarter. FMR LLC now owns 456,701 shares of the company’s stock worth $24,923,000 after acquiring an additional 450,445 shares during the last quarter. Finally, RGM Capital LLC grew its position in LiveRamp by 14.9% during the 1st quarter. RGM Capital LLC now owns 2,954,389 shares of the company’s stock worth $110,465,000 after acquiring an additional 383,047 shares during the last quarter. 92.18% of the stock is owned by institutional investors.

About LiveRamp (Get Rating)

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier that provides activation, measurement and analytics, identity, data collaboration, and data marketplace solutions.

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