LiveRamp Holdings, Inc. (NYSE:RAMP) Given Average Recommendation of “Moderate Buy” by Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.14.

A number of analysts have commented on the stock. Benchmark lowered their target price on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th.

Insider Transactions at LiveRamp

In related news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the insider now directly owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Debora B. Tomlin sold 9,765 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the completion of the sale, the director now directly owns 24,509 shares in the company, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Institutional investors have recently added to or reduced their stakes in the stock. EVR Research LP bought a new stake in LiveRamp in the 2nd quarter valued at $5,879,000. Assenagon Asset Management S.A. lifted its position in LiveRamp by 32.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock worth $8,183,000 after buying an additional 64,155 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in LiveRamp during the 3rd quarter worth about $1,187,000. Royce & Associates LP lifted its position in LiveRamp by 75.6% during the 3rd quarter. Royce & Associates LP now owns 317,910 shares of the company’s stock worth $7,878,000 after buying an additional 136,900 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in LiveRamp by 353.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,911 shares of the company’s stock worth $1,658,000 after buying an additional 52,166 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $32.11 on Friday. The firm has a market cap of $2.10 billion, a P/E ratio of 642.33 and a beta of 0.97. The firm has a 50 day simple moving average of $27.53 and a 200 day simple moving average of $27.89. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $42.66.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million during the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. LiveRamp’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. On average, sell-side analysts expect that LiveRamp will post 0.36 EPS 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.