Why is RAMP stock down \~8-9% this morning after their seemingly recent good news yesterday? The company was able to surpass EPS projections by 18% (0.47 vs 0.40), profits rose by 68% y/y, there was a 1% revenue growth in the last quarter and a 10% increase in revenue from the year-ago quarter. Morgan Stanley and Susquehanna have also just increased the stock price target by $2 and $5, respectively.
This all seems like good news for the future of the company, yet the stock is down quite a bit today. I am just trying to understand why this would happen – could anyone help me out here?
