LiveRamp (NYSE:RAMP) Rating Reiterated by Benchmark

LiveRamp (NYSE:RAMP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $56.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 78.17% from the company’s current price.

Several other research firms also recently weighed in on RAMP. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Morgan Stanley cut their price target on LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $50.25.

LiveRamp Price Performance

Shares of RAMP stock opened at $31.43 on Wednesday. LiveRamp has a 1-year low of $27.04 and a 1-year high of $42.66. The firm has a market capitalization of $2.08 billion, a PE ratio of 174.61 and a beta of 1.00. The business’s fifty day moving average price is $31.44 and its 200 day moving average price is $34.37.

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 analysts’ expectations of $159.95 million. LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. Equities research analysts expect that LiveRamp will post 0.3 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total value of $406,141.05. Following the transaction, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction dated 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 approximately $3,963,538.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mohsin Hussain sold 17,299 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total value of $538,863.85. Following the transaction, the chief technology officer now directly owns 88,546 shares in the company, valued at approximately $2,758,207.90. The disclosure for this sale can be found here. Insiders own 2.93% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in LiveRamp in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust increased its holdings in shares of LiveRamp by 198.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after purchasing an additional 523 shares during the period. Pacer Advisors Inc. raised its stake in shares of LiveRamp by 62.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock valued at $72,000 after purchasing an additional 737 shares in the last quarter. Covestor Ltd grew its position in 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 buying an additional 660 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of LiveRamp during the 1st quarter worth about $87,000. 93.83% of the stock is 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.