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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $45.20.

A number of analysts recently weighed in on RAMP shares. Macquarie raised shares of LiveRamp to a “strong-buy” rating in a report on Thursday, August 8th. StockNews.com lowered shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Evercore ISI decreased 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. Benchmark decreased their target price on shares of LiveRamp from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, October 7th. Finally, Craig Hallum decreased their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the sale, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the sale, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mohsin Hussain sold 5,773 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now directly owns 73,614 shares of the company’s stock, valued at $1,912,491.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock valued at $495,471 in the last quarter. Corporate insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EVR Research LP bought a new position in LiveRamp in the 2nd quarter worth $5,879,000. Vanguard Group Inc. raised its holdings in LiveRamp by 1.4% in the 1st 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. Assenagon Asset Management S.A. raised its holdings in LiveRamp by 32.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after purchasing an additional 64,155 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in LiveRamp by 41.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 323,313 shares of the company’s stock worth $11,154,000 after purchasing an additional 94,111 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in LiveRamp in the 1st quarter worth $1,302,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Performance

Shares of RAMP stock opened at $23.69 on Thursday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 131.61 and a beta of 0.96. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66. The firm’s 50-day simple moving average is $24.92 and its two-hundred day simple moving average is $28.92.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The company had revenue of $175.96 million for the quarter, compared to analyst estimates of $171.92 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts forecast that LiveRamp will post 0.37 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.