LiveRamp (NYSE:RAMP) Upgraded to “Strong-Buy” at StockNews.com

LiveRamp (NYSE:RAMP) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other brokerages have also recently commented on RAMP. Craig Hallum increased their target price on shares of LiveRamp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of LiveRamp in a research report on Monday, March 4th. Finally, Susquehanna increased their target price on shares of LiveRamp from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $47.75.

LiveRamp Stock Down 1.2 %

RAMP opened at $31.77 on Tuesday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -144.41 and a beta of 1.00. LiveRamp has a 52-week low of $22.52 and a 52-week high of $42.66. The firm’s fifty day simple moving average is $34.94 and its two-hundred day simple moving average is $34.46.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $173.87 million for the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. On average, research analysts forecast that LiveRamp will post 0.64 EPS for the current year.

Insider Buying and Selling

In related news, Director Timothy R. Cadogan sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total transaction of $55,500.00. Following the completion of the sale, the director now directly owns 51,016 shares in the company, valued at $1,887,592. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of RAMP. Headlands Technologies LLC acquired a new stake in shares of LiveRamp during the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust increased its position in shares of LiveRamp by 198.9% during 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. Clear Street Markets LLC acquired a new stake in shares of LiveRamp during the fourth quarter valued at about $39,000. Tower Research Capital LLC TRC increased its position in shares of LiveRamp by 52.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock valued at $48,000 after acquiring an additional 583 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of LiveRamp by 214.8% during the first quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock valued at $62,000 after acquiring an additional 1,130 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Company Profile

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.