LiveRamp (NYSE:RAMP) had its target price reduced by Morgan Stanley from $64.00 to $58.00 in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.
Several other equities research analysts have also recently issued reports on RAMP. First Analysis raised LiveRamp from an outperform rating to a strong-buy rating in a report on Friday, September 20th. Zacks Investment Research cut LiveRamp from a buy rating to a hold rating in a report on Thursday, July 25th. Finally, Susquehanna Bancshares assumed coverage on LiveRamp in a report on Wednesday, June 26th. They issued a positive rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. LiveRamp currently has an average rating of Buy and a consensus target price of $61.29.
Shares of RAMP stock traded down $1.14 during trading hours on Wednesday, hitting $37.72. The stock had a trading volume of 514,888 shares, compared to its average volume of 560,834. LiveRamp has a one year low of $36.53 and a one year high of $63.23. The stock’s 50-day moving average price is $42.78 and its two-hundred day moving average price is $49.50. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -27.53 and a beta of 1.44.
LiveRamp (NYSE:RAMP) last issued its earnings results on Monday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.01. LiveRamp had a negative return on equity of 10.06% and a net margin of 323.70%. The firm had revenue of $82.51 million for the quarter, compared to analysts’ expectations of $78.31 million. As a group, analysts forecast that LiveRamp will post -2.22 EPS for the current year.
In other LiveRamp news, Director Clark M. Kokich sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.38, for a total transaction of $45,380.00. Insiders have sold 3,000 shares of company stock worth $128,380 over the last three months. 5.18% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RAMP. Marshall Wace North America L.P. bought a new stake in LiveRamp during the first quarter worth approximately $1,524,000. FMR LLC increased its stake in LiveRamp by 7,200.2% during the first quarter. FMR LLC now owns 456,701 shares of the company’s stock worth $24,923,000 after acquiring an additional 450,445 shares during the last quarter. Retirement Systems of Alabama increased its stake in LiveRamp by 1.0% during the second quarter. Retirement Systems of Alabama now owns 89,710 shares of the company’s stock worth $4,349,000 after acquiring an additional 886 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in LiveRamp by 3.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,926 shares of the company’s stock worth $1,354,000 after acquiring an additional 831 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new stake in LiveRamp during the second quarter worth approximately $238,000. 99.65% of the stock is currently owned by institutional investors.
LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.
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