LiveRamp (NYSE:RAMP) Upgraded at StockNews.com

StockNews.com upgraded shares of LiveRamp (NYSE:RAMP) from a buy rating to a strong-buy rating in a report issued on Tuesday.

Several other analysts have also recently weighed in on the company. Susquehanna boosted their price objective on LiveRamp from $45.00 to $50.00 and gave the stock a positive rating in a report on Friday, February 9th. Craig Hallum boosted their price objective on LiveRamp from $42.00 to $50.00 and gave the stock a buy rating in a report on Thursday, January 18th. Finally, Benchmark reissued a buy rating and set a $51.00 price objective on shares of LiveRamp in a report on Monday, March 4th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $47.75.

LiveRamp Stock Down 0.3 %

LiveRamp stock opened at $32.08 on Tuesday. The stock has a 50-day simple moving average of $34.60 and a 200 day simple moving average of $34.46. LiveRamp has a 12-month low of $22.52 and a 12-month high of $42.66. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -145.80 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $173.87 million during the quarter, compared to analysts’ expectations 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, sell-side analysts anticipate that LiveRamp will post 0.64 EPS for the current year.

Insider Activity at LiveRamp

In related news, Director Timothy R. Cadogan sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the transaction, the director now directly owns 51,016 shares in the company, valued at approximately $1,887,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.93% of the stock is owned by insiders.

Institutional Investors Weigh In On LiveRamp

Several institutional investors have recently bought and sold shares of RAMP. Goldman Sachs Group Inc. grew its holdings in LiveRamp by 13.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 763,084 shares of the company’s stock valued at $28,906,000 after buying an additional 92,480 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in LiveRamp by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,952 shares of the company’s stock valued at $794,000 after purchasing an additional 1,419 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in LiveRamp in the fourth quarter valued at about $1,356,000. Legal & General Group Plc raised its position in LiveRamp by 1.9% in the fourth quarter. Legal & General Group Plc now owns 185,653 shares of the company’s stock valued at $7,033,000 after purchasing an additional 3,402 shares during the last quarter. Finally, Barclays PLC raised its position in LiveRamp by 178.2% in the fourth quarter. Barclays PLC now owns 130,855 shares of the company’s stock valued at $4,957,000 after purchasing an additional 83,814 shares during the last quarter. 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.