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

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.14.

RAMP has been the topic of a number of research reports. Macquarie reiterated an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. Craig Hallum dropped their target price on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI dropped their target price on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company initiated coverage on shares of LiveRamp in a research report on Monday, October 28th. They set an “equal weight” rating and a $25.00 target price on the stock. Finally, Benchmark dropped their target price 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.

LiveRamp Price Performance

RAMP opened at $30.71 on Monday. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $42.66. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 614.32 and a beta of 0.96. The company’s 50 day moving average price is $25.81 and its two-hundred day moving average price is $27.97.

LiveRamp (NYSE:RAMP) last posted its 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. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that LiveRamp will post 0.37 EPS for the current year.

Insider Activity

In other news, insider Kimberly Bloomston sold 4,000 shares of the firm’s 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 sale, the insider now owns 117,247 shares in the company, valued at approximately $2,951,106.99. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Debora B. Tomlin sold 9,765 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the sale, the director now owns 24,509 shares in the company, valued at approximately $614,440.63. This trade represents a 28.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,538 shares of company stock worth $495,471. 3.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LiveRamp

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in LiveRamp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company’s stock worth $37,017,000 after purchasing an additional 15,340 shares during the period. 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. Y Intercept Hong Kong Ltd grew its holdings in LiveRamp by 164.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company’s stock worth $690,000 after acquiring an additional 17,310 shares during the last quarter. Wellington Management Group LLP grew its holdings in LiveRamp by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 31,306 shares of the company’s stock worth $776,000 after acquiring an additional 8,133 shares during the last quarter. Finally, Weiss Asset Management LP grew its holdings in LiveRamp by 8.9% in the 3rd quarter. Weiss Asset Management LP now owns 235,020 shares of the company’s stock worth $5,824,000 after acquiring an additional 19,287 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.