LiveRamp (NYSE:RAMP) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of LiveRamp (NYSE:RAMP) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “LiveRamp Holdings, Inc. operates as a marketing technology company. It provides data foundation, digital transformation, consumer engagement, and online marketing and analysis services. LiveRamp Holdings Inc., formerly known as Acxiom Holdings, is based in AR, United States. “

Several other research analysts have also commented on the company. Morgan Stanley cut their price target on LiveRamp from $64.00 to $58.00 and set an overweight rating on the stock in a research report on Wednesday, October 16th. ValuEngine raised LiveRamp from a buy rating to a strong-buy rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a buy rating and set a $70.00 price target (up previously from $67.00) on shares of LiveRamp in a research report on Thursday, February 6th. Finally, First Analysis reaffirmed a buy rating and set a $63.00 price target on shares of LiveRamp in a research report on Sunday, January 26th. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. LiveRamp presently has an average rating of Buy and a consensus target price of $63.29.

Shares of NYSE RAMP opened at $39.04 on Tuesday. LiveRamp has a fifty-two week low of $37.30 and a fifty-two week high of $63.23. The firm has a market capitalization of $2.67 billion, a PE ratio of -16.07 and a beta of 1.47. The stock’s 50-day simple moving average is $43.70 and its 200-day simple moving average is $44.76.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 firm’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, sell-side analysts forecast that LiveRamp will post -2.36 earnings per share for the current year.

In other 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 value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James F. Arra sold 14,737 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $49.43, for a total value of $728,449.91. Following the completion of 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 have sold 16,737 shares of company stock worth $820,260. 5.18% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of LiveRamp in the fourth quarter worth $94,000. Jane Street Group LLC raised its holdings in shares of LiveRamp by 2.9% in the fourth quarter. Jane Street Group LLC now owns 9,279 shares of the company’s stock worth $446,000 after acquiring an additional 262 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of LiveRamp in the fourth quarter worth $614,000. Ancora Advisors LLC raised its holdings in shares of LiveRamp by 75.4% in the fourth quarter. Ancora Advisors LLC now owns 232,575 shares of the company’s stock worth $11,180,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of LiveRamp by 46.6% in the fourth quarter. Bank of America Corp DE now owns 426,427 shares of the company’s stock worth $20,497,000 after acquiring an additional 135,580 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Company Profile

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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