LiveRamp's (RAMP) Buy Rating Reiterated at Benchmark

Key Points

• Benchmark raised LiveRamp's price target from $48.00 to $51.00, indicating a potential upside of 59.18% from the current stock price.
• LiveRamp's stock is currently trading at $32.04, down 1.6% during mid-day trading, with a market capitalization of $2.08 billion.
• Equities research analysts are generally positive on LiveRamp, with a consensus rating of "Moderate Buy" and one analyst upgrading it to a "strong-buy" rating recently.

LiveRamp (NYSE:RAMP - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Benchmark in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $51.00 target price on the stock, up from their previous target price of $48.00. Benchmark's price objective points to a potential upside of 83.55% from the company's current price.

RAMP has been the topic of a number of other reports. Morgan Stanley raised their price target on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Wells Fargo & Company upped 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. Wall Street Zen upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Evercore ISI restated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, DA Davidson assumed coverage on LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.71.

LiveRamp Price Performance

Shares of RAMP traded down $4.79 during midday trading on Tuesday, hitting $27.79. The stock had a trading volume of 1,836,450 shares, compared to its average volume of 557,780. The stock's 50 day moving average is $32.63 and its 200 day moving average is $30.29. The firm has a market cap of $1.81 billion, a PE ratio of -2,778.60 and a beta of 1.00. LiveRamp has a 1 year low of $21.45 and a 1 year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. As a group, equities research 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 firm's stock in a transaction on Wednesday, May 28th. The stock was 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 directly owned 79,616 shares of the company's stock, valued at $2,627,328. This trade represents a 18.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm'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 sale, the director owned 55,470 shares of the company's stock, valued at approximately $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.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently made changes to their positions in RAMP. Summit Investment Advisors Inc. boosted its position in LiveRamp by 7.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,906 shares of the company's stock valued at $210,000 after buying an additional 462 shares during the period. Exchange Traded Concepts LLC grew its position in shares of LiveRamp by 2.2% during the second quarter. Exchange Traded Concepts LLC now owns 29,466 shares of the company's stock worth $974,000 after buying an additional 622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LiveRamp by 1.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock worth $999,000 after buying an additional 677 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock valued at $598,000 after acquiring an additional 695 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in LiveRamp by 12.9% in the first quarter. Empowered Funds LLC now owns 8,164 shares of the company's stock worth $213,000 after acquiring an additional 936 shares during the last quarter. Hedge funds and other institutional investors 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.