LiveRamp (NYSE:RAMP) Earns Buy Rating from Benchmark

LiveRamp (NYSE:RAMP)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $45.00 target price on the stock. Benchmark’s target price points to a potential upside of 52.26% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price target on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Evercore ISI upped their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Finally, Macquarie reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.83.

LiveRamp Stock Down 1.2 %

NYSE RAMP opened at $29.56 on Wednesday. The firm has a market cap of $1.94 billion, a PE ratio of 2,955.50 and a beta of 0.96. The company has a 50 day moving average price of $32.14 and a 200 day moving average price of $28.56. LiveRamp has a 52 week low of $21.45 and a 52 week high of $38.00.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On LiveRamp

A number of hedge funds have recently modified their holdings of RAMP. Creative Planning acquired a new stake in shares of LiveRamp in the third quarter valued at about $365,000. Allspring Global Investments Holdings LLC increased its position in LiveRamp by 18.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 45,102 shares of the company’s stock worth $1,118,000 after purchasing an additional 6,873 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in LiveRamp during the third quarter worth about $780,000. Angeles Wealth Management LLC acquired a new stake in LiveRamp during the third quarter worth about $279,000. Finally, Robeco Institutional Asset Management B.V. increased its position in LiveRamp by 353.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after purchasing an additional 52,166 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.