LiveRamp (RAMP) Trading Up 4%

LiveRamp Holdings (NASDAQ:RAMP) shares were up 4% on Wednesday . The company traded as high as $49.63 and last traded at $50.75. Approximately 61,737 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 688,265 shares. The stock had previously closed at $48.80.

A number of research analysts have recently weighed in on RAMP shares. Zacks Investment Research raised LiveRamp from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday. TheStreet cut LiveRamp from a “b-” rating to a “c+” rating in a report on Wednesday, October 17th. Wells Fargo & Co initiated coverage on LiveRamp in a report on Friday, December 21st. They set an “outperform” rating and a $60.00 target price for the company. Finally, Macquarie initiated coverage on LiveRamp in a report on Thursday, November 15th. They set an “outperform” rating and a $60.00 target price for the company.

LiveRamp (NASDAQ:RAMP) last announced its quarterly earnings data on Monday, February 11th. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.41. The company had revenue of $80.02 million during the quarter, compared to the consensus estimate of $76.86 million.

In other LiveRamp news, Director William J. Henderson sold 7,110 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $46.86, for a total transaction of $333,174.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jerry C. Jones sold 21,657 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $43.56, for a total transaction of $943,378.92. The disclosure for this sale can be found here.

Hedge funds have recently modified their holdings of the business. Delta Asset Management LLC TN acquired a new stake in LiveRamp during the fourth quarter worth approximately $26,000. Ffcm LLC acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $33,000. Resources Investment Advisors Inc. acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $34,000. Quantamental Technologies LLC acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $67,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of LiveRamp in the fourth quarter valued at approximately $70,000.

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About LiveRamp (NASDAQ:RAMP)

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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