LiveRamp Holdings, Inc. (NYSE:RAMP) Given Consensus Recommendation of “Buy” by Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given an average rating of “Buy” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.80.

Several analysts have weighed in on RAMP shares. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research note 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. Benchmark reaffirmed a “buy” rating and set a $56.00 price target on shares of LiveRamp in a report on Tuesday, August 6th. Craig Hallum reduced 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. Finally, Evercore ISI reduced 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.

LiveRamp Stock Performance

NYSE RAMP opened at $25.09 on Friday. The firm has a 50-day moving average of $26.03 and a 200-day moving average of $30.11. The stock has a market cap of $1.68 billion, a PE ratio of 139.39 and a beta of 0.96. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $171.92 million. During the same quarter last year, the company posted $0.09 EPS. LiveRamp’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts predict that LiveRamp will post 0.37 EPS for the current fiscal year.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 5,773 shares of the business’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 transaction, the chief technology officer now owns 73,614 shares in the company, valued at approximately $1,912,491.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the transaction, the insider now owns 117,247 shares in the company, valued at $2,951,106.99. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the transaction, the chief technology officer now owns 73,614 shares in the company, valued at approximately $1,912,491.72. The disclosure for this sale can be found here. Insiders have sold 19,538 shares of company stock worth $495,471 in the last quarter. Company insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in LiveRamp during the second quarter worth $391,000. Point72 Asset Management L.P. bought a new stake in shares of LiveRamp in the 2nd quarter worth $416,000. Quarry LP grew its stake in shares of LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after acquiring an additional 915 shares in the last quarter. Algert Global LLC grew its stake in shares of LiveRamp by 78.7% in the 2nd quarter. Algert Global LLC now owns 105,745 shares of the company’s stock worth $3,272,000 after acquiring an additional 46,582 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in LiveRamp during the second quarter valued at about $2,019,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.