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) dropped 15.4% during trading on Thursday . The company traded as low as $27.81 and last traded at $27.56. Approximately 165,834 shares changed hands during trading, a decline of 70% from the average daily volume of 546,109 shares. The stock had previously closed at $32.58.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley upped their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Evercore ISI reissued an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. DA Davidson assumed 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 report on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their price objective on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, LiveRamp has a consensus rating of "Moderate Buy" and an average price target of $41.71.

LiveRamp Trading Down 15.5%

The firm has a market cap of $1.79 billion, a P/E ratio of -2,748.50 and a beta of 1.00. The company has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $30.29.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The business had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling

In related news, Director Timothy R. Cadogan sold 2,500 shares of LiveRamp stock in a transaction 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 transaction, the director owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction 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 approximately $2,627,328. This trade represents a 18.04% 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.

Institutional Investors Weigh In On LiveRamp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in shares of LiveRamp during the 1st quarter valued at $31,000. Quarry LP increased its position in shares of LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after acquiring an additional 1,133 shares during the period. State of Wyoming purchased a new position in shares of LiveRamp in the first quarter valued at about $49,000. Blue Trust Inc. increased its position in shares of LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after acquiring an additional 989 shares during the period. Finally, Russell Investments Group Ltd. increased its position 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 valued at $121,000 after acquiring an additional 1,963 shares during the period. 93.83% of the stock is currently owned by institutional investors.

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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