LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) gapped up prior to trading on Thursday . The stock had previously closed at $21.85, but opened at $22.59. LiveRamp shares last traded at $22.74, with a volume of 6,296 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of LiveRamp from $32.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, November 9th. StockNews.com began coverage on LiveRamp in a research report on Wednesday, October 12th. They set a "buy" rating for the company. Benchmark began coverage on LiveRamp in a research report on Monday, September 19th. They issued a "hold" rating on the stock. Susquehanna Bancshares decreased their price target on shares of LiveRamp from $45.00 to $30.00 in a research note on Wednesday, November 9th. Finally, Susquehanna reduced their price objective on shares of LiveRamp from $45.00 to $30.00 in a research note on Wednesday, November 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.00.
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LiveRamp Price Performance
The company's 50-day moving average is $20.19 and its 200-day moving average is $21.40.
LiveRamp (NYSE:RAMP – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.30) by $0.12. The company had revenue of $147.10 million for the quarter, compared to analyst estimates of $144.11 million. LiveRamp had a negative net
margin of 17.92% and a negative return on equity of 4.83%. Analysts anticipate that LiveRamp Holdings, Inc. will post -0.46 EPS for the current fiscal year.
Insider Buying and Selling at LiveRamp
In related news, CTO Mohsin Hussain sold 7,332 shares of the firm's stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $22.12, for a total value of $162,183.84. Following the transaction, the chief technology officer now owns 112,988 shares in the company, valued at $2,499,294.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.01% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its holdings in LiveRamp by 14.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,029 shares of the company's stock worth $113,000 after buying an additional 378 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of LiveRamp by 3.4% in the second quarter. Victory Capital Management Inc. now owns 15,935 shares of the company's stock worth $411,000 after acquiring an additional 530 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in LiveRamp by 16.9% in the third quarter. Public Employees Retirement System of Ohio now owns 4,695 shares of the company's stock valued at $85,000 after purchasing an additional 678 shares during the last quarter. Stanley Laman Group Ltd. grew its stake in LiveRamp by 1.8% during the 2nd quarter. Stanley Laman Group Ltd. now owns 40,343 shares of the company's stock valued at $1,041,000 after purchasing an additional 708 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in LiveRamp by 1.9% during the 2nd quarter. Texas Permanent School Fund now owns 49,187 shares of the company's stock worth $1,270,000 after purchasing an additional 912 shares during the last quarter. 93.19% of the stock is currently owned by hedge funds and other institutional investors.
About LiveRamp
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LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.
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