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

LiveRamp (NYSE:RAMP) had its price objective lowered by Stephens from $61.00 to $56.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded LiveRamp from a hold rating to a sell rating in a report on Tuesday. First Analysis reiterated a buy rating and set a $63.00 price target on shares of LiveRamp in a report on Sunday, January 26th. ValuEngine upgraded LiveRamp from a buy rating to a strong-buy rating in a report on Monday, February 10th. Needham & Company LLC reiterated a buy rating and set a $70.00 price target (up from $67.00) on shares of LiveRamp in a report on Thursday, February 6th. Finally, Morgan Stanley decreased their price target on LiveRamp from $64.00 to $58.00 and set an overweight rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $63.29.

NYSE RAMP opened at $39.04 on Tuesday. The stock has a fifty day simple moving average of $43.70 and a 200 day simple moving average of $44.76. LiveRamp has a twelve month low of $37.30 and a twelve month high of $63.23.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.47. LiveRamp had a negative return on equity of 12.55% and a negative net margin of 46.96%. The firm had revenue of $102.22 million during the quarter, compared to the consensus estimate of $102.51 million. During the same period last year, the business posted $0.03 EPS. The business’s revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts anticipate that LiveRamp will post -2.36 EPS for the current fiscal year.

In other news, Director Clark M. Kokich sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $48.63, for a total transaction of $48,630.00. Following the transaction, the director now owns 68,427 shares of the company’s stock, valued at approximately $3,327,605.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James F. Arra sold 14,737 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $49.43, for a total transaction 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. Over the last quarter, insiders have sold 16,737 shares of company stock valued at $820,260. Company insiders own 5.18% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in RAMP. Point72 Hong Kong Ltd bought a new position in shares of LiveRamp during the 4th quarter worth approximately $94,000. Jane Street Group LLC lifted its position in shares of LiveRamp by 2.9% during the 4th quarter. Jane Street Group LLC now owns 9,279 shares of the company’s stock worth $446,000 after buying an additional 262 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of LiveRamp during the 4th quarter worth approximately $614,000. Ancora Advisors LLC lifted its position in shares of LiveRamp by 75.4% during the 4th quarter. Ancora Advisors LLC now owns 232,575 shares of the company’s stock worth $11,180,000 after buying an additional 100,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of LiveRamp by 46.6% during the 4th quarter. Bank of America Corp DE now owns 426,427 shares of the company’s stock worth $20,497,000 after buying an additional 135,580 shares in the last quarter. 99.79% of the stock is currently owned by 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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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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