LiveRamp (NYSE:RAMP) Lowered to "Strong Sell" Rating by Zacks Research

Key Points

• Zacks Research has downgraded LiveRamp's rating from "hold" to "strong sell," reflecting a negative outlook on the company's stock.
• The consensus rating for LiveRamp is currently "Hold," with a target price of $40.83, despite mixed reviews from other analysts.
• Recent insider trading indicates some executives sold shares, with CTO Mohsin Hussain selling 17,529 shares at an average price of $33.00.

LiveRamp (NYSE:RAMP - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Tuesday,Zacks.com reports.

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

LiveRamp Stock Performance

Shares of RAMP stock opened at $26.6640 on Tuesday. LiveRamp has a 52-week low of $22.82 and a 52-week high of $36.08. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 121.21 and a beta of 1.00. The firm's 50-day moving average is $31.35 and its 200-day moving average is $29.80.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The company had revenue of $194.82 million during the quarter, compared to the consensus estimate of $191.22 million. During the same period in the previous year, the company posted $0.35 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts predict that LiveRamp will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value 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. The trade was a 18.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value 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 position. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

Institutional Trading of LiveRamp

Several large investors have recently modified their holdings of RAMP. Headlands Technologies LLC bought a new position in LiveRamp during the second quarter worth $31,000. Strs Ohio bought a new position in shares of LiveRamp during the 1st quarter worth about $31,000. Quarry LP grew its stake in shares of LiveRamp by 344.4% in the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after buying an additional 1,133 shares during the period. State of Wyoming bought a new stake in LiveRamp in the 1st quarter valued at about $49,000. Finally, Blue Trust Inc. raised its stake in LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after buying an additional 989 shares during the period. 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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