LiveRamp (NYSE:RAMP) Given New $56.00 Price Target at Stephens

LiveRamp (NYSE:RAMP) had its price target cut by Stephens from $61.00 to $56.00 in a research note released on Tuesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.

A number of other research firms also recently issued reports on RAMP. Morgan Stanley lowered their target price on LiveRamp from $64.00 to $58.00 and set an overweight rating on the stock in a research report on Wednesday, October 16th. Needham & Company LLC reaffirmed a buy rating and issued a $70.00 target price (up previously from $67.00) on shares of LiveRamp in a research report on Thursday, February 6th. First Analysis reaffirmed a buy rating and issued a $63.00 target price on shares of LiveRamp in a research report on Sunday, January 26th. Zacks Investment Research downgraded LiveRamp from a hold rating to a sell rating in a research report on Tuesday. Finally, ValuEngine raised LiveRamp from a buy rating to a strong-buy rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. LiveRamp presently has a consensus rating of Buy and a consensus price target of $63.29.

Shares of LiveRamp stock opened at $39.04 on Tuesday. The stock’s 50-day moving average is $43.70 and its 200-day moving average is $44.76. LiveRamp has a one year low of $37.30 and a one year high of $63.23.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.47. The company had revenue of $102.22 million for the quarter, compared to analyst estimates of $102.51 million. LiveRamp had a negative return on equity of 12.55% and a negative net margin of 46.96%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. Analysts predict that LiveRamp will post -2.36 earnings per share for the current fiscal year.

In other LiveRamp news, Director Clark M. Kokich sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $43.18, for a total transaction of $43,180.00. Following the transaction, the director now owns 67,427 shares of the company’s stock, valued at $2,911,497.86. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James F. Arra sold 14,737 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $49.43, for a total value of $728,449.91. Following the transaction, the insider now directly owns 160,271 shares in the company, valued at approximately $7,922,195.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,737 shares of company stock worth $820,260. 5.18% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC grew its position in shares of LiveRamp by 3.8% in the fourth quarter. CWM LLC now owns 117,597 shares of the company’s stock valued at $5,653,000 after purchasing an additional 4,357 shares during the last quarter. Nomura Holdings Inc. grew its position in shares of LiveRamp by 266.7% in the third quarter. Nomura Holdings Inc. now owns 16,500 shares of the company’s stock valued at $692,000 after purchasing an additional 12,000 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of LiveRamp in the third quarter valued at approximately $1,185,000. CFM Wealth Partners LLC acquired a new position in shares of LiveRamp in the fourth quarter valued at approximately $57,000. Finally, Tower Research Capital LLC TRC grew its position in shares of LiveRamp by 83.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,983 shares of the company’s stock valued at $171,000 after purchasing an additional 1,809 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About LiveRamp

LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.

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