LiveRamp (NYSE:RAMP) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• LiveRamp was upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased investor confidence after previously holding a "buy" rating.
• The stock's average target price varies among analysts, with Morgan Stanley lowering their target to $30.00, while Benchmark raised theirs to $51.00.
• In the latest quarter, LiveRamp reported earnings of $0.44 per share, surpassing expectations and showing a 10.7% increase in revenue compared to the prior year.

LiveRamp (NYSE:RAMP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

A number of other analysts also recently commented on the company. Morgan Stanley lowered their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Benchmark restated a "buy" rating and issued a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson assumed 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. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Wells Fargo & Company increased their price target on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $40.83.

LiveRamp Stock Performance

LiveRamp stock opened at $26.42 on Friday. The business's 50-day simple moving average is $29.75 and its two-hundred day simple moving average is $29.08. The company has a market cap of $1.73 billion, a PE ratio of 120.07 and a beta of 0.92. LiveRamp has a fifty-two week low of $22.82 and a fifty-two week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $194.82 million for the quarter, compared to the consensus estimate of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, analysts predict that LiveRamp will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the completion of the transaction, the chief technology officer owned 63,409 shares of the company's stock, valued at $1,771,647.46. This represents a 16.72% decrease in their ownership of the stock. 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 stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the transaction, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiveRamp

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of LiveRamp during the second quarter valued at approximately $31,000. Strs Ohio acquired a new stake in shares of LiveRamp in the first quarter valued at approximately $31,000. State of Wyoming purchased a new position in LiveRamp during the first quarter worth approximately $49,000. Blue Trust Inc. boosted its stake in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after buying an additional 989 shares during the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in LiveRamp in the 2nd quarter valued at $208,000. Institutional investors and hedge funds 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.

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