LiveRamp (NYSE:RAMP) Given Buy Rating 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 reaffirmed by research analysts at Benchmark in a research report issued on Tuesday, MarketBeat.com reports. They currently have a $51.00 price target on the stock, up from their previous price target of $48.00. Benchmark's price target would indicate a potential upside of 92.26% from the company's current price.

Several other analysts have also commented on the company. Wells Fargo & Company raised their target price on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Evercore ISI reiterated an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th. DA Davidson began coverage on LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 price objective on the stock. Morgan Stanley upped their price target on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.50.

LiveRamp Stock Down 4.6%

Shares of LiveRamp stock traded down $1.27 during trading hours on Tuesday, reaching $26.53. 1,380,487 shares of the stock traded hands, compared to its average volume of 428,811. The company has a 50 day moving average price of $32.41 and a 200 day moving average price of $30.20. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 120.58 and a beta of 1.00. LiveRamp has a one year low of $21.45 and a one year high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Sell-side analysts anticipate that LiveRamp will post 0.48 earnings per share for the current year.

Insider Transactions at LiveRamp

In other LiveRamp 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 transaction of $578,457.00. Following the transaction, the chief technology officer owned 79,616 shares in the company, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction dated 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 in the company, 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. Insiders own 3.31% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RAMP. Strs Ohio acquired a new position in shares of LiveRamp in the first quarter worth $31,000. Quarry LP increased its stake in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock worth $44,000 after acquiring an additional 1,133 shares during the last quarter. State of Wyoming acquired a new position in shares of LiveRamp in the first quarter worth $49,000. Blue Trust Inc. increased 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 worth $67,000 after acquiring an additional 989 shares during the last quarter. Finally, Russell Investments Group Ltd. increased 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 worth $121,000 after acquiring an additional 1,963 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

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.