Benchmark Lowers LiveRamp (NYSE:RAMP) Price Target to $42.00

LiveRamp (NYSE:RAMP) had its price target cut by Benchmark from $48.00 to $42.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective would indicate a potential upside of 52.73% from the company’s previous close.

RAMP has been the topic of a number of other research reports. Macquarie upgraded LiveRamp to a “strong-buy” rating in a research note on Thursday, August 8th. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI reduced their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Craig Hallum dropped their target price on LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company initiated coverage on LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $40.83.

LiveRamp Trading Up 4.5 %

Shares of LiveRamp stock opened at $27.50 on Thursday. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66. The stock has a market capitalization of $1.83 billion, a P/E ratio of 305.56 and a beta of 0.96. The business’s fifty day moving average price is $24.97 and its 200 day moving average price is $28.31.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $175.96 million for the quarter, compared to analysts’ expectations of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, sell-side analysts predict that LiveRamp will post 0.37 EPS for the current year.

Insider Activity at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at $2,951,106.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock valued at $495,471 over the last three months. 3.39% of the stock is owned by insiders.

Hedge Funds Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in RAMP. Texas Permanent School Fund Corp boosted its position in shares of LiveRamp by 2.4% during the first quarter. Texas Permanent School Fund Corp now owns 57,924 shares of the company’s stock worth $1,998,000 after buying an additional 1,354 shares during the period. Illinois Municipal Retirement Fund lifted its position in LiveRamp by 1.2% in the first quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company’s stock worth $1,320,000 after purchasing an additional 461 shares during the period. Russell Investments Group Ltd. lifted its position in LiveRamp by 11.6% in the first quarter. Russell Investments Group Ltd. now owns 499,275 shares of the company’s stock worth $17,225,000 after purchasing an additional 51,887 shares during the period. ProShare Advisors LLC lifted its position in LiveRamp by 5.7% in the first quarter. ProShare Advisors LLC now owns 13,057 shares of the company’s stock worth $450,000 after purchasing an additional 708 shares during the period. Finally, Motley Fool Asset Management LLC acquired a new stake in LiveRamp in the first quarter worth approximately $899,000. 93.83% of the stock is currently 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.