Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) PT at $81.73


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LiveRamp Holdings, Inc. (NYSE:RAMP) has been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $82.10.

A number of analysts have recently issued reports on RAMP shares. BMO Capital Markets restated a “market perform” rating and issued a $65.00 target price (down previously from $80.00) on shares of LiveRamp in a report on Wednesday, March 10th. Craig Hallum increased their target price on LiveRamp from $80.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 9th. Wells Fargo & Company increased their price objective on LiveRamp from $87.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 28th. Evercore ISI increased their price objective on LiveRamp from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 13th. Finally, Zacks Investment Research lowered LiveRamp from a “hold” rating to a “sell” rating in a report on Saturday, April 3rd.

In other LiveRamp news, insider James F. Arra sold 9,500 shares of the stock in a transaction on Monday, February 1st. The shares were sold at an average price of $76.57, for a total transaction of $727,415.00. Following the transaction, the insider now directly owns 132,532 shares of the company’s stock, valued at $10,147,975.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.29% of the company’s stock.

A number of institutional investors have recently bought and sold shares of RAMP. Acadian Asset Management LLC acquired a new stake in shares of LiveRamp in the third quarter valued at about $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of LiveRamp in the fourth quarter valued at about $39,000. Advisory Services Network LLC grew its position in shares of LiveRamp by 21.5% in the fourth quarter. Advisory Services Network LLC now owns 1,123 shares of the company’s stock valued at $82,000 after purchasing an additional 199 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of LiveRamp by 7.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,462 shares of the company’s stock valued at $180,000 after purchasing an additional 168 shares during the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in shares of LiveRamp in the fourth quarter valued at about $225,000. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:RAMP traded up $1.02 on Friday, reaching $52.72. 7,136 shares of the company traded hands, compared to its average volume of 787,121. LiveRamp has a fifty-two week low of $30.60 and a fifty-two week high of $87.38. The company’s 50 day moving average is $57.54 and its 200-day moving average is $65.16. The stock has a market capitalization of $3.53 billion, a PE ratio of -40.46 and a beta of 1.28.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Sunday, February 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The company had revenue of $120.00 million during the quarter, compared to the consensus estimate of $113.10 million. LiveRamp had a negative return on equity of 7.60% and a negative net margin of 21.33%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. As a group, research analysts forecast that LiveRamp will post -1.48 earnings per share for the current fiscal year.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers IdentityLink, a true people-based identifier that provides onboarding, identity resolution, data network, and measurement and analytics solutions.

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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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