LiveRamp (NYSE:RAMP) Stock Rating Upgraded by 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 stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

RAMP has been the subject of a number of other research reports. DA Davidson began coverage on LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. Morgan Stanley decreased their target price on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Wells Fargo & Company increased their price objective on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Benchmark reissued a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $40.83.

LiveRamp Trading Up 1.4%

LiveRamp stock traded up $0.38 during trading hours on Friday, reaching $27.16. 411,342 shares of the company were exchanged, compared to its average volume of 608,613. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 123.46 and a beta of 0.92. The stock has a 50-day moving average of $29.19 and a 200 day moving average of $29.00. LiveRamp has a 12 month low of $22.82 and a 12 month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $194.82 million during 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 was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, research analysts forecast that LiveRamp will post 0.48 EPS for the current year.

Insider Buying and Selling at LiveRamp

In related news, CTO Mohsin Hussain sold 12,734 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.94, for a total value of $355,787.96. Following the completion of the transaction, the chief technology officer directly owned 63,409 shares of the company's stock, valued at $1,771,647.46. This trade represents a 16.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the transaction, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in LiveRamp in the second quarter worth $31,000. Strs Ohio bought a new position in LiveRamp in the first quarter worth $31,000. State of Wyoming acquired a new position in LiveRamp during the first quarter worth $49,000. Blue Trust Inc. raised 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 acquiring an additional 989 shares in the last quarter. Finally, Prudent Man Advisors LLC acquired a new position in LiveRamp during the second quarter worth $208,000. 93.83% of the stock is owned by institutional investors.

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.