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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.14.

RAMP has been the topic of a number of research analyst reports. Craig Hallum dropped their price objective 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. Macquarie reissued an “outperform” rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Benchmark decreased their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI cut their price target 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, Wells Fargo & Company began coverage on shares of LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 price objective on the stock.

LiveRamp Price Performance

Shares of RAMP stock opened at $30.69 on Monday. The stock’s fifty day moving average price is $25.81 and its 200 day moving average price is $28.03. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.66. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 613.80 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.37 by $0.14. The firm 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 was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. As a group, equities research analysts anticipate that LiveRamp will post 0.37 earnings per share for the current 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 value of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares of the company’s stock, valued at approximately $1,912,491.72. The trade was a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the 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 directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,538 shares of company stock worth $495,471 in the last 90 days. Corporate insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Large investors have recently bought and sold shares of the company. DT Investment Partners LLC acquired a new stake in shares of LiveRamp in the second quarter worth approximately $27,000. Quarry LP lifted its holdings in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after purchasing an additional 915 shares in the last quarter. Blue Trust Inc. boosted its stake in LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after purchasing an additional 694 shares during the last quarter. Covestor Ltd grew its holdings in shares of LiveRamp by 44.9% during the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after buying an additional 660 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of LiveRamp in the first quarter valued at about $87,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

About LiveRamp

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.