Morgan Stanley Issues Pessimistic Forecast for LiveRamp (NYSE:RAMP) Stock Price

LiveRamp (NYSE:RAMP) had its price objective trimmed by Morgan Stanley from $38.00 to $28.00 in a report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Evercore ISI upped their target price on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.17.

LiveRamp Trading Down 1.5 %

RAMP stock opened at $24.89 on Wednesday. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a market cap of $1.64 billion, a PE ratio of 2,489.00 and a beta of 1.05. The business’s 50-day moving average price is $28.17 and its two-hundred day moving average price is $28.89.

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

Insider Activity at LiveRamp

In other news, CTO Mohsin Hussain sold 3,554 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $33.67, for a total value of $119,663.18. Following the completion of the sale, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction on 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 transaction, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

Institutional Trading of LiveRamp

A number of large investors have recently added to or reduced their stakes in RAMP. Azzad Asset Management Inc. ADV lifted its stake in LiveRamp by 3.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company’s stock valued at $598,000 after purchasing an additional 695 shares during the last quarter. Stanley Laman Group Ltd. raised its stake in LiveRamp by 43.6% in the first quarter. Stanley Laman Group Ltd. now owns 112,273 shares of the company’s stock valued at $2,935,000 after buying an additional 34,100 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of LiveRamp by 27.1% in 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 buying an additional 212,572 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of LiveRamp in the first quarter valued at approximately $543,000. Finally, GAMMA Investing LLC boosted its stake in shares of LiveRamp by 2,715.3% during the 1st quarter. GAMMA Investing LLC now owns 47,888 shares of the company’s stock worth $1,252,000 after acquiring an additional 46,187 shares during the period. Institutional investors and hedge funds 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.