LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $41.14 Consensus PT from Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $41.14.

RAMP has been the subject of several research analyst reports. Benchmark cut their target price on LiveRamp from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Monday. Macquarie reissued an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Finally, Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price for the company.

Insider Activity at LiveRamp

In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now owns 117,247 shares of the company’s stock, valued at approximately $2,951,106.99. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Institutional Trading of LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 272 Capital LP bought a new position in LiveRamp during the third quarter valued at $3,914,000. Franklin Resources Inc. boosted its stake in shares of LiveRamp by 11.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company’s stock worth $37,653,000 after purchasing an additional 157,696 shares during the period. Geode Capital Management LLC grew its holdings in LiveRamp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock valued at $37,017,000 after purchasing an additional 15,340 shares during the last quarter. Barclays PLC raised its position in LiveRamp by 56.3% in the 3rd quarter. Barclays PLC now owns 438,121 shares of the company’s stock worth $10,857,000 after purchasing an additional 157,775 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in LiveRamp by 164.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company’s stock worth $690,000 after purchasing an additional 17,310 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $31.90 on Friday. The company has a market capitalization of $2.08 billion, a P/E ratio of 638.00 and a beta of 0.97. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.66. The firm’s 50 day simple moving average is $28.00 and its two-hundred day simple moving average is $27.85.

LiveRamp (NYSE:RAMP) last released its 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. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $176.16 million. During the same quarter in the previous year, the company earned $0.21 EPS. LiveRamp’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, sell-side analysts anticipate that LiveRamp will post 0.36 earnings per share for the current fiscal 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.