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

Equities research analysts at DA Davidson initiated coverage on shares of LiveRamp (NYSE:RAMP - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage set a "buy" rating and a $45.00 price target on the stock. DA Davidson's price objective suggests a potential upside of 33.31% from the company's previous close.

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

LiveRamp Stock Down 1.3%

RAMP stock traded down $0.44 during mid-day trading on Wednesday, hitting $33.76. The company had a trading volume of 111,372 shares, compared to its average volume of 611,444. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -3,375.00 and a beta of 1.01. LiveRamp has a 12-month low of $21.45 and a 12-month high of $36.08. The company has a 50-day moving average price of $31.18 and a 200 day moving average price of $29.98.

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

Insider Activity

In related news, 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 transaction, the chief technology officer directly owned 79,616 shares in the company, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director owned 55,470 shares in the company, valued at $1,885,980. This represents 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.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in LiveRamp by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock worth $238,692,000 after acquiring an additional 283,747 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in LiveRamp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock worth $81,843,000 after acquiring an additional 121,856 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of LiveRamp by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after purchasing an additional 168,418 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of LiveRamp by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company's stock valued at $48,073,000 after purchasing an additional 56,667 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of LiveRamp by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company's stock valued at $26,258,000 after purchasing an additional 8,537 shares in the last quarter. 93.83% of the stock is currently owned by 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.