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

LiveRamp (NYSE:RAMP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Other equities analysts also recently issued research reports about the company. Craig Hallum upped their price objective on LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Susquehanna upped their price objective on LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $51.00 price objective on shares of LiveRamp in a research report on Monday, March 4th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, LiveRamp presently has a consensus rating of “Buy” and an average price target of $47.75.

LiveRamp Stock Performance

NYSE RAMP opened at $32.26 on Tuesday. The company has a market cap of $2.11 billion, a P/E ratio of -146.64 and a beta of 1.00. The business’s 50 day moving average price is $35.29 and its 200-day moving average price is $34.45. LiveRamp has a fifty-two week low of $22.52 and a fifty-two week high of $42.66.

LiveRamp (NYSE:RAMP) last released its earnings results on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million for the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. As a group, equities analysts predict that LiveRamp will post 0.64 EPS for the current year.

Insiders Place Their Bets

In related news, Director Timothy R. Cadogan sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total transaction of $55,500.00. Following the completion of the sale, the director now directly owns 51,016 shares in the company, valued at approximately $1,887,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.93% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

A number of hedge funds have recently made changes to their positions in RAMP. BlackRock Inc. raised its stake in LiveRamp by 0.8% in the third quarter. BlackRock Inc. now owns 11,568,006 shares of the company’s stock valued at $210,074,000 after buying an additional 92,629 shares during the last quarter. Vanguard Group Inc. raised 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 buying an additional 296,586 shares during the last quarter. Capital International Investors raised its stake in LiveRamp by 8.7% in the first quarter. Capital International Investors now owns 3,065,422 shares of the company’s stock valued at $114,616,000 after buying an additional 244,405 shares during the last quarter. Lazard Asset Management LLC raised its stake in LiveRamp by 13.9% in the first quarter. Lazard Asset Management LLC now owns 2,883,554 shares of the company’s stock valued at $107,815,000 after buying an additional 351,876 shares during the last quarter. Finally, State Street Corp raised its stake in LiveRamp by 0.5% in the second quarter. State Street Corp now owns 2,448,383 shares of the company’s stock valued at $69,926,000 after buying an additional 12,183 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.