LiveRamp (NYSE:RAMP) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of LiveRamp (NYSE:RAMP) in a report released on Tuesday, Benzinga reports. They currently have a $56.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of LiveRamp from a strong-buy rating to a buy rating in a research note on Tuesday, July 16th. Morgan Stanley decreased their price objective on shares of LiveRamp from $49.00 to $45.00 and set an overweight rating for the company in a research report on Thursday, May 23rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, LiveRamp has an average rating of Buy and a consensus target price of $46.80.

LiveRamp Price Performance

RAMP stock traded down $0.09 during midday trading on Tuesday, hitting $21.74. The company’s stock had a trading volume of 1,748,802 shares, compared to its average volume of 656,829. The company’s fifty day moving average price is $30.21 and its 200 day moving average price is $33.20. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66. The stock has a market capitalization of $1.46 billion, a P/E ratio of 120.78 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. LiveRamp had a return on equity of 3.27% and a net margin of 1.80%. The business had revenue of $175.96 million for the quarter, compared to the consensus estimate of $171.92 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. LiveRamp’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts expect that LiveRamp will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In related news, insider Kimberly Bloomston sold 13,055 shares of LiveRamp stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Kimberly Bloomston sold 13,055 shares of LiveRamp stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total transaction of $406,141.05. Following the completion of the sale, the insider now directly 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 SEC, which is accessible through the SEC website. Also, CTO Mohsin Hussain sold 17,299 shares of the stock in a transaction 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 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 3.39% of the company’s stock.

Hedge Funds Weigh In On LiveRamp

Hedge funds have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund boosted its position in shares of LiveRamp by 1.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after acquiring an additional 461 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of LiveRamp by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after buying an additional 500 shares during the last quarter. Parkside Financial Bank & Trust grew its position in LiveRamp by 198.9% in the fourth 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. Arizona State Retirement System raised its stake in LiveRamp by 2.9% during the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after acquiring an additional 523 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after acquiring an additional 660 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.