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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average recommendation of “Buy” from the four brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $47.75.

Several brokerages have recently commented on RAMP. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of LiveRamp in a research note on Monday, March 4th. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Susquehanna lifted their target price on LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Finally, Craig Hallum lifted their target price on LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th.

Insider Activity at LiveRamp

In related news, Director Timothy R. Cadogan sold 1,500 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $37.00, for a total value of $55,500.00. Following the completion of the sale, the director now directly owns 51,016 shares in the company, valued at approximately $1,887,592. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.93% of the stock is currently owned by corporate insiders.

Institutional Trading of LiveRamp

A number of institutional investors have recently modified their holdings of RAMP. Headlands Technologies LLC bought a new stake in shares of LiveRamp during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust raised its holdings in shares of LiveRamp by 198.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock worth $30,000 after buying an additional 523 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of LiveRamp by 62.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after buying an additional 737 shares in the last quarter. Quest Partners LLC acquired a new position in shares of LiveRamp during the 4th quarter worth $93,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of LiveRamp during the 3rd quarter worth $202,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Up 0.6 %

NYSE:RAMP opened at $32.30 on Thursday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -146.82 and a beta of 1.00. LiveRamp has a twelve month low of $23.10 and a twelve month high of $42.66. The stock’s 50 day moving average price is $34.00 and its two-hundred day moving average price is $34.69.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $173.87 million for the quarter, compared to analyst estimates of $174.00 million. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. As a group, analysts anticipate that LiveRamp will post 0.64 earnings per share for the current year.

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.