LiveRamp Holdings, Inc. (NYSE:RAMP) Given Consensus Rating of “Buy” by Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given an average recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.80.

Several research firms have commented on RAMP. StockNews.com cut LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 16th. Macquarie raised LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Craig Hallum lowered their price target on shares of LiveRamp from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI reduced their price objective on shares of LiveRamp from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $56.00 target price on shares of LiveRamp in a research note on Tuesday, August 6th.

LiveRamp Trading Up 2.3 %

Shares of LiveRamp stock opened at $24.49 on Friday. LiveRamp has a 1 year low of $21.45 and a 1 year high of $42.66. The company’s fifty day simple moving average is $25.42 and its 200-day simple moving average is $29.81. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 136.06 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $175.96 million for the quarter, compared to analyst estimates of $171.92 million. LiveRamp had a net margin of 0.88% and a return on equity of 2.14%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, research analysts forecast that LiveRamp will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total transaction of $149,982.54. Following the completion of the sale, the chief technology officer now owns 73,614 shares in the company, valued at $1,912,491.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CTO Mohsin Hussain sold 5,773 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the sale, the chief technology officer now directly owns 73,614 shares in the company, valued at $1,912,491.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total value of $244,808.55. Following the completion of the transaction, the director now owns 24,509 shares of the company’s stock, valued at approximately $614,440.63. The trade was a 0.00 % 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. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intrinsic Edge Capital Management LLC raised its stake in shares of LiveRamp by 61.9% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 659,018 shares of the company’s stock worth $24,964,000 after acquiring an additional 251,993 shares during the last quarter. EVR Research LP acquired a new stake in shares of LiveRamp in the second quarter valued at approximately $5,879,000. Vanguard Group Inc. raised its position in LiveRamp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company’s stock worth $282,037,000 after purchasing an additional 115,685 shares during the last quarter. G2 Investment Partners Management LLC acquired a new position in LiveRamp during the 4th quarter worth $8,176,000. Finally, Assenagon Asset Management S.A. boosted its position 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 buying an additional 64,155 shares during the last quarter. Institutional investors and hedge funds 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.