LiveRamp (NYSE:RAMP) Stock Rating Lowered by Zacks Research

LiveRamp (NYSE:RAMP) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Benchmark reiterated a “buy” rating and issued a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson started coverage on shares of LiveRamp in a report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 price target on the stock. Morgan Stanley cut their price target on shares of LiveRamp from $34.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Finally, Wells Fargo & Company boosted their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.83.

LiveRamp Price Performance

NYSE RAMP opened at $26.6640 on Tuesday. LiveRamp has a 1 year low of $22.82 and a 1 year high of $36.08. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 121.21 and a beta of 1.00. The company has a fifty day moving average price of $31.35 and a 200-day moving average price of $29.80.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that LiveRamp will post 0.48 EPS for the current fiscal year.

Insider Activity

In other LiveRamp news, Director Timothy R. Cadogan sold 2,500 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the sale, the director directly owned 55,470 shares of the company’s stock, valued at $1,885,980. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Mohsin Hussain sold 17,529 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the sale, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveRamp

Several institutional investors have recently added to or reduced their stakes in RAMP. Headlands Technologies LLC purchased a new stake in LiveRamp during the second quarter valued at about $31,000. Strs Ohio purchased a new stake in LiveRamp during the first quarter valued at about $31,000. Quarry LP lifted its holdings in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after purchasing an additional 1,133 shares during the last quarter. State of Wyoming purchased a new stake in LiveRamp during the first quarter valued at about $49,000. Finally, Blue Trust Inc. lifted its holdings in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock valued at $67,000 after purchasing an additional 989 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.