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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat 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 twelve-month target price among brokerages that have issued a report on the stock in the last year is $39.33.

A number of analysts have recently weighed in on the company. Evercore ISI increased their price objective on LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of LiveRamp in a research note on Tuesday, February 4th. StockNews.com raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Macquarie reaffirmed an “outperform” rating and issued a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Finally, Morgan Stanley raised their price target on LiveRamp from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th.

Insider Buying and Selling at LiveRamp

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

Hedge Funds Weigh In On LiveRamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in shares of LiveRamp during the fourth quarter valued at $38,000. Quarry LP increased its holdings in shares of LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after acquiring an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of LiveRamp by 477.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after acquiring an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

NYSE:RAMP opened at $29.78 on Wednesday. The firm has a market cap of $1.96 billion, a PE ratio of 2,977.70 and a beta of 0.96. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The business has a 50 day moving average price of $32.17 and a 200-day moving average price of $28.54.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data 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 net margin of 0.01% and a return on equity of 0.97%. Research analysts predict that LiveRamp will post 0.48 EPS 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.