LiveRamp (NYSE:RAMP) Price Target Lowered to $30.00 at Morgan Stanley

LiveRamp (NYSE:RAMP) had its price target lowered by Morgan Stanley from $34.00 to $30.00 in a report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on RAMP. Benchmark restated a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. DA Davidson started coverage on shares of LiveRamp in a report on Wednesday, July 9th. They set a “buy” rating and a $45.00 price target for the company. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, May 22nd. Finally, Evercore ISI reiterated an “underperform” rating on shares of LiveRamp in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, LiveRamp has an average rating of “Moderate Buy” and a consensus price target of $40.83.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $25.87 on Tuesday. The company has a 50 day simple moving average of $32.14 and a 200-day simple moving average of $30.09. The company has a market capitalization of $1.70 billion, a P/E ratio of 117.58 and a beta of 1.00. LiveRamp has a 1 year low of $21.96 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. As a group, research analysts expect that LiveRamp will post 0.48 EPS for the current year.

Insider Activity at LiveRamp

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

Hedge Funds Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in LiveRamp by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock valued at $238,692,000 after buying an additional 283,747 shares during the period. Dimensional Fund Advisors LP boosted its position in LiveRamp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company’s stock valued at $81,843,000 after buying an additional 121,856 shares during the period. Janus Henderson Group PLC boosted its position in LiveRamp by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company’s stock valued at $54,600,000 after buying an additional 168,418 shares during the period. Charles Schwab Investment Management Inc. boosted its position in LiveRamp by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company’s stock valued at $26,258,000 after buying an additional 8,537 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in LiveRamp by 27.1% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company’s stock valued at $26,072,000 after buying an additional 212,572 shares during the period. Hedge funds and other institutional investors 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.