LiveRamp (NYSE:RAMP) Hits New 12-Month High After Analyst Upgrade

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price hit a new 52-week high during trading on Wednesday after Evercore ISI raised their price target on the stock from $85.00 to $100.00. Evercore ISI currently has an outperform rating on the stock. LiveRamp traded as high as $84.59 and last traded at $83.91, with a volume of 102 shares trading hands. The stock had previously closed at $83.68.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of LiveRamp from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Tuesday, December 22nd. Needham & Company LLC increased their target price on shares of LiveRamp from $61.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 10th. Craig Hallum increased their target price on shares of LiveRamp from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 10th. Finally, Morgan Stanley increased their target price on shares of LiveRamp from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday, November 17th. Eleven research analysts have rated the stock with a buy rating, LiveRamp currently has a consensus rating of “Buy” and an average price target of $69.25.

In other LiveRamp news, CEO Scott E. Howe sold 173,963 shares of the stock in a transaction dated Monday, November 23rd. The shares were sold at an average price of $56.84, for a total transaction of $9,888,056.92. Following the completion of the sale, the chief executive officer now directly owns 1,087,007 shares of the company’s stock, valued at $61,785,477.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James F. Arra sold 15,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $66.24, for a total transaction of $993,600.00. Following the completion of the transaction, the insider now directly owns 158,687 shares of the company’s stock, valued at $10,511,426.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 223,981 shares of company stock valued at $13,444,057. Insiders own 5.29% of the company’s stock.

Several institutional investors have recently made changes to their positions in RAMP. FMR LLC raised its position in shares of LiveRamp by 7,200.2% in the 1st quarter. FMR LLC now owns 456,701 shares of the company’s stock valued at $24,923,000 after purchasing an additional 450,445 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of LiveRamp by 53.0% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,270 shares of the company’s stock worth $95,000 after purchasing an additional 786 shares during the period. Bank of America Corp DE grew its stake in LiveRamp by 0.6% in the 2nd quarter. Bank of America Corp DE now owns 570,764 shares of the company’s stock valued at $24,240,000 after acquiring an additional 3,604 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of LiveRamp during the 2nd quarter worth about $3,024,000. Finally, Private Advisor Group LLC acquired a new position in shares of LiveRamp during the 2nd quarter worth about $40,000. 97.35% of the stock is owned by hedge funds and other institutional investors.

The firm’s 50-day moving average is $70.36 and its two-hundred day moving average is $57.98. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of -52.69 and a beta of 1.60.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Monday, November 9th. The company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.10. The company had revenue of $104.66 million during the quarter, compared to the consensus estimate of $100.44 million. LiveRamp had a negative net margin of 26.19% and a negative return on equity of 8.82%. LiveRamp’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) EPS. Equities research analysts predict that LiveRamp Holdings, Inc. will post -1.88 EPS for the current year.

LiveRamp Company Profile (NYSE:RAMP)

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers IdentityLink, a true people-based identifier that provides onboarding, identity resolution, data network, and measurement and analytics solutions.

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