LiveRamp (NYSE:RAMP) Stock Price Down 5% - Should You Sell?

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) shares traded down 5% on Friday . The stock traded as low as $31.59 and last traded at $31.82. 282,580 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 642,576 shares. The stock had previously closed at $33.50.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Benchmark reissued a "buy" rating and issued a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a report on Thursday, May 22nd. Wells Fargo & Company lifted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Morgan Stanley lifted 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 reiterated an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, LiveRamp presently has an average rating of "Moderate Buy" and an average price target of $40.67.

LiveRamp Trading Up 2.0%

The stock's fifty day moving average is $27.02 and its two-hundred day moving average is $29.54. The firm has a market cap of $2.15 billion, a P/E ratio of 3,272.80 and a beta of 1.02.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to analysts' expectations of $185.41 million. LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. On average, analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new position in LiveRamp in the 1st quarter worth approximately $31,000. First Horizon Advisors Inc. purchased a new position in LiveRamp in the fourth quarter worth $38,000. Quarry LP grew its position in 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 in the last quarter. Smartleaf Asset Management LLC grew its position in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after acquiring an additional 1,332 shares in the last quarter. Finally, State of Wyoming purchased a new position in LiveRamp in the first quarter worth $49,000. 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.