LiveRamp (NYSE:RAMP) Shares Gap Up – Still a Buy?

LiveRamp Holdings, Inc. (NYSE:RAMPGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $26.32, but opened at $28.91. LiveRamp shares last traded at $28.73, with a volume of 204,142 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RAMP shares. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Macquarie raised LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. Benchmark dropped their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Craig Hallum dropped their price objective on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI reduced their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One 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 company’s stock. According to data from MarketBeat.com, LiveRamp presently has an average rating of “Buy” and an average target price of $40.83.

Get Our Latest Stock Analysis on LiveRamp

LiveRamp Stock Up 10.7 %

The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 319.67 and a beta of 0.96. The company’s 50-day moving average is $24.97 and its 200-day moving average is $28.31.

LiveRamp (NYSE:RAMPGet Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 EPS 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 analyst estimates of $171.92 million. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. On average, research analysts forecast that LiveRamp Holdings, Inc. will post 0.37 earnings per share for the current year.

Insider Transactions at LiveRamp

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $244,808.55. Following the sale, the director now directly owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock valued at $495,471 in the last three months. 3.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveRamp

Hedge funds and other institutional investors have recently bought and sold shares of the company. EVR Research LP acquired a new position in shares of LiveRamp during the 2nd quarter worth about $5,879,000. Vanguard Group Inc. boosted its holdings in shares of LiveRamp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock valued at $282,037,000 after buying an additional 115,685 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of LiveRamp by 32.0% in the second quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after buying an additional 64,155 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of LiveRamp by 41.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 323,313 shares of the company’s stock valued at $11,154,000 after acquiring an additional 94,111 shares during the period. Finally, Seven Eight Capital LP acquired a new position in LiveRamp during the first quarter worth approximately $1,302,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Company Profile

(Get Free Report)

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.

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