Zacks Investment Research Downgrades LiveRamp (RAMP) to Hold

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LiveRamp (NASDAQ:RAMP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

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. “

A number of other analysts also recently issued reports on the company. Wells Fargo & Co began coverage on LiveRamp in a research report on Friday, December 21st. They issued an “outperform” rating and a $60.00 target price for the company. Macquarie began coverage on LiveRamp in a research report on Thursday, November 15th. They issued an “outperform” rating and a $60.00 target price for the company.

NASDAQ:RAMP opened at $52.64 on Friday. LiveRamp has a 1 year low of $18.60 and a 1 year high of $53.17.

LiveRamp (NASDAQ:RAMP) last released its earnings results on Monday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.41. The firm had revenue of $80.02 million during the quarter, compared to analysts’ expectations of $76.86 million.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank purchased a new position in shares of LiveRamp in the fourth quarter valued at $459,000. Macquarie Group Ltd. purchased a new position in shares of LiveRamp in the fourth quarter valued at $45,992,000. Vista Equity Partners Management LLC purchased a new position in shares of LiveRamp in the fourth quarter valued at $23,178,000. Legal & General Group Plc purchased a new position in shares of LiveRamp in the fourth quarter valued at $2,838,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of LiveRamp in the fourth quarter valued at $669,000.

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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