LiveRamp (NYSE:RAMP) Now Covered by Wells Fargo & Company

Wells Fargo & Company began coverage on shares of LiveRamp (NYSE:RAMP) in a research report sent to investors on Monday, Benzinga reports. The brokerage issued an equal weight rating and a $25.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Evercore ISI lowered their price objective on LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Benchmark lowered their price objective on LiveRamp from $56.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, October 7th. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Craig Hallum lowered their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie raised LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $41.83.

LiveRamp Price Performance

RAMP opened at $25.01 on Monday. LiveRamp has a 12 month low of $21.45 and a 12 month high of $42.66. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 138.92 and a beta of 0.96. The business has a fifty day moving average price of $24.97 and a 200 day moving average price of $28.63.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The firm had revenue of $175.96 million during the quarter, compared to analysts’ expectations of $171.92 million. During the same period in the previous year, the firm posted $0.09 EPS. LiveRamp’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts anticipate that LiveRamp will post 0.37 earnings per share for the current year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares of the company’s stock, valued at $614,440.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Debora B. Tomlin sold 9,765 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the transaction, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. 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 in the last ninety days. Insiders own 3.39% of the company’s stock.

Hedge Funds Weigh In On LiveRamp

Large investors have recently modified their holdings of the business. DT Investment Partners LLC acquired a new stake in shares of LiveRamp in the 2nd quarter worth approximately $27,000. Quarry LP grew its holdings in shares of LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares during the period. Blue Trust Inc. grew its holdings in shares of LiveRamp by 187.1% in the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares during the period. Covestor Ltd grew its holdings in shares of LiveRamp by 44.9% in the 1st quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after acquiring an additional 660 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of LiveRamp in the 1st quarter worth approximately $87,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.