LiveRamp (NYSE:RAMP) Earns Buy Rating from Analysts at DA Davidson

Research analysts at DA Davidson initiated coverage on shares of LiveRamp (NYSE:RAMP - Get Free Report) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $45.00 price target on the stock. DA Davidson's price target would suggest a potential upside of 40.06% from the stock's previous close.

A number of other equities analysts also recently weighed in on RAMP. Benchmark reaffirmed a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Morgan Stanley upped their price target on shares of LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company upped their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, LiveRamp currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.29.

LiveRamp Stock Down 4.0%

Shares of RAMP traded down $1.35 during mid-day trading on Wednesday, reaching $32.13. The company's stock had a trading volume of 350,350 shares, compared to its average volume of 612,206. The business has a fifty day moving average of $31.44 and a 200 day moving average of $30.00. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -3,213.00 and a beta of 1.01. LiveRamp has a 1 year low of $21.45 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The business had revenue of $188.72 million during the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. LiveRamp's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. On average, analysts predict that LiveRamp will post 0.48 earnings per share for the current year.

Insider Buying and Selling at LiveRamp

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

Institutional Investors Weigh In On LiveRamp

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in LiveRamp during the first quarter valued at about $31,000. Quarry LP boosted 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 acquiring an additional 1,133 shares during the period. State of Wyoming bought a new stake in LiveRamp during the first quarter valued at about $49,000. Blue Trust Inc. lifted its stake in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of LiveRamp by 97.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock valued at $121,000 after buying an additional 1,963 shares during the period. 93.83% of the stock is currently owned by institutional investors.

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.