DA Davidson Begins Coverage on LiveRamp (NYSE:RAMP)

Equities researchers at DA Davidson started coverage on shares of LiveRamp (NYSE:RAMP) in a report released on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $45.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 34.37% from the company’s previous close.

Several other analysts also recently weighed in on the company. Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, May 22nd. Morgan Stanley boosted their target price on LiveRamp from $28.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Evercore ISI reissued an “underperform” rating on shares of LiveRamp in a report on Wednesday, April 16th. Benchmark reissued a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Finally, Wall Street Zen raised LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.29.

LiveRamp Price Performance

LiveRamp stock opened at $33.49 on Wednesday. LiveRamp has a 1-year low of $21.45 and a 1-year high of $36.08. The stock has a market cap of $2.18 billion, a PE ratio of -3,349.00 and a beta of 1.01. The stock’s fifty day moving average is $31.32 and its two-hundred day moving average is $30.00.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The business had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts expect that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the sale, the director owned 55,470 shares of the company’s stock, valued at approximately $1,885,980. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the sale, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in LiveRamp in the 4th quarter valued at approximately $392,000. Blue Trust Inc. boosted its stake in shares of LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock worth $67,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of LiveRamp during the 1st quarter worth approximately $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LiveRamp by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company’s stock worth $1,141,000 after acquiring an additional 1,766 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of LiveRamp by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 8,847,543 shares of the company’s stock worth $268,700,000 after acquiring an additional 118,179 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

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.