LiveRamp (NYSE:RAMP) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• LiveRamp was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting shifting analyst sentiment towards the stock.
• Several analysts have adjusted their price targets for LiveRamp, with DA Davidson setting a target of $45.00 while Zacks Research has issued a "strong sell" rating.
• LiveRamp's stock recently reported a 1.0% increase, with a current trading price around $27.91 and a market capitalization of approximately $1.83 billion.

Wall Street Zen downgraded shares of LiveRamp (NYSE:RAMP - Free Report) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

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

LiveRamp Stock Performance

Shares of RAMP stock traded down $0.10 during trading hours on Friday, reaching $27.21. The company had a trading volume of 153,511 shares, compared to its average volume of 578,083. LiveRamp has a 12-month low of $22.82 and a 12-month high of $36.08. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 123.71 and a beta of 0.92. The stock has a fifty day moving average of $30.67 and a 200-day moving average of $29.33.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts forecast that LiveRamp will post 0.48 EPS for the current year.

Insider Buying and Selling at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.31% of the company's stock.

Hedge Funds Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming raised its holdings in LiveRamp by 468.5% in the second quarter. State of Wyoming now owns 10,614 shares of the company's stock valued at $351,000 after acquiring an additional 8,747 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of LiveRamp in the 2nd quarter valued at approximately $3,007,000. Caxton Associates LLP raised its holdings in shares of LiveRamp by 45.2% in the 2nd quarter. Caxton Associates LLP now owns 17,185 shares of the company's stock valued at $568,000 after purchasing an additional 5,352 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of LiveRamp by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 223,941 shares of the company's stock worth $7,399,000 after purchasing an additional 15,393 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of LiveRamp during the second quarter worth $31,000. 93.83% of the stock is owned by institutional investors and hedge funds.

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.