LiveRamp (NYSE:RAMP) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

A number of other research analysts also recently issued reports on RAMP. Zacks Research downgraded LiveRamp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. DA Davidson started coverage on LiveRamp in a research note on Wednesday, July 9th. They set a “buy” rating and a $45.00 target price on the stock. Morgan Stanley decreased their target price on LiveRamp from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Benchmark reissued a “buy” rating and set a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company increased their price target on LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.83.

LiveRamp Stock Up 1.0%

Shares of NYSE:RAMP opened at $27.91 on Friday. The firm’s 50 day moving average price is $30.85 and its 200-day moving average price is $29.42. The stock has a market capitalization of $1.83 billion, a PE ratio of 126.86 and a beta of 1.00. LiveRamp has a twelve month low of $22.82 and a twelve month high of $36.08.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Analysts expect that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director directly owned 55,470 shares of the company’s stock, valued at $1,885,980. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.31% of the stock is owned by insiders.

Institutional Trading of LiveRamp

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in LiveRamp by 3.2% in the first quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company’s stock worth $238,692,000 after purchasing an additional 283,747 shares during the last quarter. Janus Henderson Group PLC lifted its stake in LiveRamp by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company’s stock worth $54,600,000 after purchasing an additional 168,418 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in LiveRamp by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company’s stock worth $26,258,000 after purchasing an additional 8,537 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in LiveRamp by 27.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company’s stock worth $26,072,000 after purchasing an additional 212,572 shares during the last quarter. Finally, Boston Partners grew its stake in LiveRamp by 1.9% in the 2nd quarter. Boston Partners now owns 810,529 shares of the company’s stock worth $26,620,000 after acquiring an additional 15,022 shares in the last quarter. 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.