LiveRamp (NYSE:RAMP) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of LiveRamp (NYSE:RAMP) from a buy rating to a strong-buy rating in a research note released on Tuesday morning.

A number of other brokerages have also issued reports on RAMP. Craig Hallum upped their target price on shares of LiveRamp from $42.00 to $50.00 and gave the company a buy rating in a research note on Thursday, January 18th. Benchmark restated a buy rating and issued a $51.00 price target on shares of LiveRamp in a research report on Monday, March 4th. Finally, Susquehanna lifted their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the company a positive rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $47.75.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $32.14 on Tuesday. LiveRamp has a 1 year low of $22.52 and a 1 year high of $42.66. The company has a market capitalization of $2.11 billion, a P/E ratio of -146.09 and a beta of 1.00. The business has a 50 day moving average price of $35.12 and a 200 day moving average price of $34.47.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million during the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. As a group, research analysts expect that LiveRamp will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, Director Timothy R. Cadogan sold 1,500 shares of LiveRamp stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00. Following the sale, the director now directly owns 51,016 shares in the company, valued at approximately $1,887,592. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.93% of the company’s stock.

Institutional Trading of LiveRamp

A number of hedge funds and other institutional investors have recently bought and sold shares of RAMP. Headlands Technologies LLC purchased a new stake in LiveRamp during the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 198.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares during the last quarter. Clear Street Markets LLC bought a new position in LiveRamp during the fourth quarter valued at approximately $39,000. Tower Research Capital LLC TRC boosted its stake in shares of LiveRamp by 52.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock valued at $48,000 after purchasing an additional 583 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in LiveRamp by 214.8% in the first quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock worth $62,000 after acquiring an additional 1,130 shares during the period. 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.