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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $39.83.

A number of equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $45.00 target price on shares of LiveRamp in a report on Wednesday, February 26th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 22nd. Morgan Stanley upped their price objective on shares of LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Evercore ISI upped their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, February 6th.

LiveRamp Stock Up 0.1 %

Shares of RAMP stock opened at $27.17 on Friday. The company’s fifty day simple moving average is $31.18 and its 200-day simple moving average is $28.90. The firm has a market cap of $1.79 billion, a PE ratio of 2,716.70 and a beta of 0.96. LiveRamp has a 12 month low of $21.45 and a 12 month high of $38.00.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. On average, equities analysts predict that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other news, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares of the company’s stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $33.67, for a total transaction of $119,663.18. Following the sale, the chief technology officer now directly owns 57,594 shares of the company’s stock, valued at $1,939,189.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RAMP. Intech Investment Management LLC acquired a new position in shares of LiveRamp in the third quarter valued at approximately $444,000. Charles Schwab Investment Management Inc. increased its stake in shares of LiveRamp by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 946,808 shares of the company’s stock valued at $23,462,000 after buying an additional 69,063 shares during the period. Algert Global LLC increased its stake in shares of LiveRamp by 107.0% in the third quarter. Algert Global LLC now owns 218,906 shares of the company’s stock valued at $5,424,000 after buying an additional 113,161 shares during the period. FMR LLC increased its stake in shares of LiveRamp by 18.6% in the third quarter. FMR LLC now owns 171,501 shares of the company’s stock valued at $4,250,000 after buying an additional 26,935 shares during the period. Finally, BNP Paribas Financial Markets increased its position in LiveRamp by 71.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 161,848 shares of the company’s stock valued at $4,011,000 after purchasing an additional 67,374 shares during the period. Institutional investors 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.