LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $46.80 Consensus Target Price from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.80.

RAMP has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a report on Tuesday, August 6th. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Evercore ISI dropped their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Craig Hallum decreased their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.

LiveRamp Stock Down 0.7 %

NYSE RAMP opened at $23.93 on Friday. The stock’s 50 day moving average is $25.66 and its 200 day moving average is $29.92. The firm has a market capitalization of $1.60 billion, a PE ratio of 132.94 and a beta of 0.96. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $175.96 million during the quarter, compared to the consensus estimate of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. On average, research analysts anticipate that LiveRamp will post 0.37 earnings per share for the current year.

Insider Activity at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at $1,912,491.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Mohsin Hussain sold 5,773 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now owns 73,614 shares of the company’s stock, valued at $1,912,491.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the insider now directly owns 117,247 shares in the company, valued at $2,951,106.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,538 shares of company stock worth $495,471. 3.39% of the stock is owned by company insiders.

Institutional Trading of LiveRamp

Several institutional investors and hedge funds have recently modified their holdings of the company. Intrinsic Edge Capital Management LLC increased its stake in LiveRamp by 61.9% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 659,018 shares of the company’s stock worth $24,964,000 after buying an additional 251,993 shares in the last quarter. EVR Research LP bought a new position in shares of LiveRamp in the second quarter worth about $5,879,000. Vanguard Group Inc. grew its position in shares of LiveRamp by 1.4% during the first quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in shares of LiveRamp during the fourth quarter worth $8,176,000. Finally, Assenagon Asset Management S.A. grew its stake in LiveRamp by 32.0% during the second quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after acquiring an additional 64,155 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

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.