LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $40.83 Consensus PT from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $40.8333.

Several equities analysts recently commented on RAMP shares. Zacks Research downgraded LiveRamp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Wells Fargo & Company boosted their target price on LiveRamp from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, May 22nd. Benchmark reiterated a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. DA Davidson assumed coverage on LiveRamp in a report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Wall Street Zen upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 12,734 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.94, for a total transaction of $355,787.96. Following the sale, the chief technology officer directly owned 63,409 shares in the company, valued at approximately $1,771,647.46. This represents a 16.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Cadogan sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $34.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director directly owned 55,470 shares of the company’s stock, valued at approximately $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.31% of the company’s stock.

Institutional Trading of LiveRamp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in LiveRamp in the 2nd quarter worth about $31,000. Strs Ohio bought a new position in shares of LiveRamp in the first quarter valued at approximately $31,000. State of Wyoming purchased a new position in LiveRamp during the first quarter valued at approximately $49,000. Blue Trust Inc. increased its holdings in LiveRamp by 63.0% during the 1st quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock worth $67,000 after acquiring an additional 989 shares during the period. Finally, Prudent Man Advisors LLC purchased a new stake in LiveRamp in the 2nd quarter worth approximately $208,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Performance

RAMP opened at $27.16 on Friday. LiveRamp has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The firm has a 50-day moving average of $29.19 and a 200 day moving average of $29.00. The firm has a market cap of $1.78 billion, a P/E ratio of 123.46 and a beta of 0.92.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm had revenue of $194.82 million for the quarter, compared to analysts’ expectations of $191.22 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that LiveRamp will post 0.48 earnings per share for the current fiscal year.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.