LiveRamp's (RAMP) Hold (C-) Rating Reiterated at Weiss Ratings

LiveRamp (NYSE:RAMP - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

RAMP has been the subject of a number of other reports. Morgan Stanley lowered 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. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. DA Davidson assumed coverage on LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. Benchmark restated a "buy" rating and set a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th. Finally, Zacks Research lowered LiveRamp from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.83.

LiveRamp Stock Performance

NYSE RAMP opened at $28.45 on Wednesday. The company has a market capitalization of $1.87 billion, a P/E ratio of 129.32 and a beta of 0.90. LiveRamp has a one year low of $22.82 and a one year high of $36.08. The stock has a 50 day moving average price of $27.75 and a 200-day moving average price of $29.06.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $194.82 million during 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 period in the prior year, the company earned $0.35 EPS. As a group, equities analysts predict that LiveRamp will post 0.48 EPS for the current fiscal year.

Insider Activity at LiveRamp

In other 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 transaction of $355,787.96. Following the transaction, the chief technology officer owned 63,409 shares in the company, valued at approximately $1,771,647.46. This trade represents a 16.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.31% of the company's stock.

Hedge Funds Weigh In On LiveRamp

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of LiveRamp during the second quarter valued at $31,000. Strs Ohio bought a new stake in LiveRamp during the first quarter valued at about $31,000. State of Wyoming bought a new stake in LiveRamp during the first quarter valued at about $49,000. Blue Trust Inc. boosted its position in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after purchasing an additional 989 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new stake in LiveRamp during the third quarter valued at about $206,000. 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.

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