LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Rating of “Hold” from Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $40.8333.

A number of equities analysts have issued reports on the company. Zacks Research cut LiveRamp from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Morgan Stanley lowered their target price on LiveRamp from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company upped their target price on LiveRamp from $26.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, May 22nd. DA Davidson assumed coverage on LiveRamp in a report on Wednesday, July 9th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $51.00 target price (up previously from $48.00) on shares of LiveRamp in a report on Tuesday, August 5th.

Insider Transactions at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the transaction, the chief technology officer owned 79,616 shares of the company’s stock, valued at $2,627,328. This represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total value 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. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveRamp

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in LiveRamp by 2.9% during the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company’s stock worth $9,935,000 after purchasing an additional 10,624 shares during the period. Blue Trust Inc. grew its stake in LiveRamp by 63.0% during the first quarter. Blue Trust Inc. now owns 2,558 shares of the company’s stock worth $67,000 after purchasing an additional 989 shares during the period. SG Americas Securities LLC acquired a new stake in LiveRamp during the first quarter worth approximately $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LiveRamp by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company’s stock worth $1,141,000 after purchasing an additional 1,766 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in LiveRamp by 97.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company’s stock worth $121,000 after purchasing an additional 1,963 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Performance

LiveRamp stock opened at $27.89 on Wednesday. LiveRamp has a 52 week low of $22.82 and a 52 week high of $36.08. The stock has a market capitalization of $1.83 billion, a P/E ratio of 126.78 and a beta of 1.00. The stock has a fifty day moving average of $31.18 and a 200-day moving average of $29.63.

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