LiveRamp (NYSE:RAMP) Upgraded 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 report issued on Tuesday morning.

Other analysts have also recently issued research reports about the company. Evercore ISI reissued an “underperform” rating on shares of LiveRamp in a research report on Wednesday, April 16th. Morgan Stanley reaffirmed an “equal weight” rating on shares of LiveRamp in a report on Wednesday, April 16th. Finally, Benchmark restated a “buy” rating and issued a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.17.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $25.27 on Tuesday. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The company has a market capitalization of $1.66 billion, a P/E ratio of 2,527.00 and a beta of 1.05. The firm’s 50 day simple moving average is $27.41 and its two-hundred day simple moving average is $28.94.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. On average, sell-side analysts anticipate that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the sale, the chief technology officer now owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares in the company, valued at $3,943,675.12. This represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Several large investors have recently made changes to their positions in the business. Tributary Capital Management LLC acquired a new stake in LiveRamp in the fourth quarter valued at $15,251,000. Boston Partners raised its stake in LiveRamp by 109.4% during the 4th quarter. Boston Partners now owns 690,057 shares of the company’s stock valued at $21,331,000 after acquiring an additional 360,440 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in LiveRamp by 30.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,040 shares of the company’s stock worth $29,885,000 after purchasing an additional 230,478 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in shares of LiveRamp by 27.1% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company’s stock valued at $26,072,000 after acquiring an additional 212,572 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of LiveRamp by 451.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,573 shares of the company’s stock valued at $7,522,000 after buying an additional 203,471 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.