LiveRamp (NYSE:RAMP - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Monday.
Several other equities analysts also recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $51.00 price objective on shares of LiveRamp in a research note on Monday, March 4th. Susquehanna upped their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the company a "positive" rating in a research note on Friday, February 9th. Finally, Craig Hallum upped their price objective on shares of LiveRamp from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $47.75.
View Our Latest Research Report on LiveRamp
LiveRamp Price Performance
LiveRamp stock traded down $1.16 during mid-day trading on Monday, hitting $35.37. The company's stock had a trading volume of 544,243 shares, compared to its average volume of 612,789. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -160.77 and a beta of 1.00. The business has a 50 day moving average price of $35.93 and a 200-day moving average price of $34.29. LiveRamp has a 12 month low of $21.96 and a 12 month high of $42.66.
LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $173.87 million during the quarter, compared to the consensus estimate of $174.00 million. LiveRamp had a negative net margin of 2.22% and a positive return on equity of 1.57%. On average, equities research analysts expect that LiveRamp will post 0.64 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other LiveRamp news, Director Timothy R. Cadogan sold 1,500 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total value of $55,500.00. Following the sale, the director now owns 51,016 shares in the company, valued at $1,887,592. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.93% of the company's stock.
Institutional Investors Weigh In On LiveRamp
Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in LiveRamp in the fourth quarter worth approximately $21,513,000. Ophir Asset Management Pty Ltd boosted its stake in shares of LiveRamp by 5,308.7% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 746,079 shares of the company's stock worth $28,261,000 after acquiring an additional 732,285 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LiveRamp by 39.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,203,920 shares of the company's stock worth $48,330,000 after acquiring an additional 626,372 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of LiveRamp by 290.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 686,355 shares of the company's stock worth $19,602,000 after acquiring an additional 510,785 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of LiveRamp during the 3rd quarter worth $12,742,000. Hedge funds and other institutional investors own 93.83% of the company's stock.
LiveRamp Company Profile
(
Get Free Report)
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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