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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $41.14.

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

LiveRamp Stock Down 0.3 %

RAMP stock opened at $30.35 on Friday. The company has a 50 day moving average of $28.25 and a two-hundred day moving average of $27.89. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 607.12 and a beta of 0.97. LiveRamp has a 12-month low of $21.45 and a 12-month high of $42.66.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.21 earnings per share. On average, research analysts anticipate that LiveRamp will post 0.36 EPS for the current year.

Insider Buying and Selling at LiveRamp

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EVR Research LP acquired a new stake in shares of LiveRamp in the second quarter worth $5,879,000. Assenagon Asset Management S.A. boosted its holdings in LiveRamp by 32.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 264,470 shares of the company’s stock valued at $8,183,000 after purchasing an additional 64,155 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in LiveRamp in the 3rd quarter worth $1,187,000. Royce & Associates LP increased its holdings in shares of 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 purchasing an additional 136,900 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of 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 purchasing an additional 52,166 shares during the period. 93.83% of the stock is owned by 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.