LiveRamp (NYSE:RAMP) Stock Rating Lowered by StockNews.com

LiveRamp (NYSE:RAMP) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities analysts have also weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $56.00 price objective on shares of LiveRamp in a research note on Wednesday, July 10th. Morgan Stanley reduced their price target on LiveRamp from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $50.25.

LiveRamp Price Performance

NYSE RAMP opened at $32.15 on Tuesday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 178.62 and a beta of 1.00. LiveRamp has a 1-year low of $27.04 and a 1-year high of $42.66. The business’s 50-day simple moving average is $31.42 and its 200-day simple moving average is $34.19.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The firm had revenue of $171.85 million during the quarter, compared to analyst estimates of $159.95 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. On average, equities research analysts expect that LiveRamp will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other LiveRamp news, CTO Mohsin Hussain sold 17,299 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total transaction of $538,863.85. Following the sale, the chief technology officer now directly owns 88,546 shares in the company, valued at approximately $2,758,207.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other LiveRamp news, CTO Mohsin Hussain sold 17,299 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total transaction of $538,863.85. Following the sale, the chief technology officer now directly owns 88,546 shares in the company, valued at approximately $2,758,207.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the sale, the insider now owns 127,404 shares of the company’s stock, valued at $3,963,538.44. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its holdings in shares of LiveRamp by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock valued at $1,320,000 after acquiring an additional 461 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of LiveRamp by 198.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after acquiring an additional 523 shares during the last quarter. Covestor Ltd increased its holdings in shares of LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock valued at $73,000 after acquiring an additional 660 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of LiveRamp by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 13,057 shares of the company’s stock valued at $450,000 after acquiring an additional 708 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of LiveRamp by 62.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after acquiring an additional 737 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

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.