LiveRamp’s (RAMP) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of LiveRamp (NYSE:RAMP) in a report published on Wednesday,Benzinga reports. Benchmark currently has a $45.00 price target on the stock.

RAMP has been the subject of several other reports. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Macquarie reiterated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research note on Thursday, November 7th. Morgan Stanley raised their price target on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Evercore ISI upped their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

LiveRamp Trading Up 0.5 %

Shares of RAMP opened at $29.92 on Wednesday. LiveRamp has a 12 month low of $21.45 and a 12 month high of $38.00. The business’s fifty day simple moving average is $32.16 and its two-hundred day simple moving average is $28.55. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 2,992.20 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, research analysts forecast that LiveRamp will post 0.48 EPS for the current year.

Insider Activity

In other news, CRO Vihan Sharma sold 39,845 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the transaction, the executive now owns 110,902 shares of the company’s stock, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total value of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares of the company’s stock, valued at approximately $1,939,189.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

Hedge Funds Weigh In On LiveRamp

Several large investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its stake in shares of LiveRamp by 7.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company’s stock worth $210,000 after purchasing an additional 462 shares in the last quarter. Carolina Wealth Advisors LLC increased its stake in LiveRamp by 2.2% in the 4th quarter. Carolina Wealth Advisors LLC now owns 25,608 shares of the company’s stock worth $778,000 after buying an additional 560 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in LiveRamp by 0.5% during the fourth quarter. Summit Trail Advisors LLC now owns 115,924 shares of the company’s stock valued at $3,521,000 after acquiring an additional 625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of LiveRamp by 0.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,059 shares of the company’s stock valued at $4,041,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. Hedge funds and other 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.