LiveRamp (NYSE:RAMP) Given New $30.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley has reduced its price target for LiveRamp (NYSE:RAMP) from $34.00 to $30.00, maintaining an "equal weight" rating, indicating a potential upside of 16.59% from the current stock price.
• LiveRamp's stock has a consensus rating of "Moderate Buy" with a target price of $40.83, influenced by various analyst ratings including a "buy" from Benchmark with a target of $51.00.
• In its latest earnings report, LiveRamp exceeded analysts' expectations with earnings per share of $0.44 and revenue of $194.82 million, marking a 10.7% increase from the previous year.

LiveRamp (NYSE:RAMP - Get Free Report) had its target price cut by Morgan Stanley from $34.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price objective points to a potential upside of 16.59% from the company's current price.

Several other brokerages also recently weighed in on RAMP. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. DA Davidson initiated coverage on shares of LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, LiveRamp currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.83.

LiveRamp Price Performance

Shares of RAMP opened at $25.73 on Tuesday. LiveRamp has a 1-year low of $21.62 and a 1-year high of $36.08. The stock has a market cap of $1.69 billion, a PE ratio of 116.97 and a beta of 1.00. The firm has a 50-day simple moving average of $32.28 and a two-hundred day simple moving average of $30.12.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $191.22 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of LiveRamp

A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new position in LiveRamp during the first quarter worth $31,000. Quarry LP lifted its stake in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after purchasing an additional 1,133 shares during the last quarter. State of Wyoming bought a new position in LiveRamp during the first quarter worth $49,000. Blue Trust Inc. lifted its stake in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after purchasing an additional 989 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after purchasing an additional 1,963 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

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.

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