LiveRamp (NYSE:RAMP) Stock Price Down 15.4% - Here's Why

Key Points

• LiveRamp's stock price dropped 15.4% during trading on Thursday, falling to $27.56 from a previous close of $32.58 with a significant decrease in trading volume.
• Despite the recent decline, analysts have mixed opinions on the stock, with several firms raising their price targets, leading to a consensus rating of “Moderate Buy” with an average price target of $41.71.
• LiveRamp's latest earnings report showed a 10.7% year-over-year revenue increase to $194.82 million, beating analysts' expectations and reporting an EPS of $0.44.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report)'s share price was down 15.4% during mid-day trading on Thursday . The company traded as low as $27.81 and last traded at $27.56. Approximately 165,834 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 546,109 shares. The stock had previously closed at $32.58.

Analysts Set New Price Targets

A number of brokerages have recently commented on RAMP. Benchmark reiterated a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their price objective on LiveRamp from $28.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, DA Davidson began coverage on LiveRamp in a research note on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $41.50.

LiveRamp Trading Down 2.8%

The firm has a market capitalization of $1.69 billion, a PE ratio of 116.97 and a beta of 1.00. The business's 50 day simple moving average is $32.28 and its two-hundred day simple moving average is $30.12.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results 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 business had revenue of $194.82 million during the quarter, compared to analyst estimates of $191.22 million. During the same period in the previous year, the business earned $0.35 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Mohsin Hussain sold 17,529 shares of the company's stock in a transaction 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 transaction, the chief technology officer owned 79,616 shares of the company's stock, valued at approximately $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the company's stock in a transaction on 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 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. Insiders own 3.31% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management boosted its holdings in shares of LiveRamp by 48.5% during the 2nd quarter. LSV Asset Management now owns 148,800 shares of the company's stock valued at $4,916,000 after purchasing an additional 48,583 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of LiveRamp during the 2nd quarter valued at about $1,301,000. Creative Planning boosted its holdings in shares of LiveRamp by 6.7% during the 2nd quarter. Creative Planning now owns 18,082 shares of the company's stock valued at $597,000 after purchasing an additional 1,139 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of LiveRamp by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,883 shares of the company's stock valued at $558,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of LiveRamp by 1.9% during the 2nd quarter. Boston Partners now owns 810,529 shares of the company's stock valued at $26,620,000 after purchasing an additional 15,022 shares during the last quarter. 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.