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

LiveRamp Holdings, Inc. (NYSE:RAMP) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.71.

Several analysts have weighed in on RAMP shares. Wells Fargo & Company began coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an “equal weight” rating and a $25.00 price objective on the stock. Macquarie reissued an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and set a $35.00 price target on shares of LiveRamp in a research note on Monday, January 13th. StockNews.com raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Finally, Benchmark reissued a “buy” rating and set a $42.00 price target on shares of LiveRamp in a research note on Tuesday.

Institutional Investors Weigh In On LiveRamp

Hedge funds have recently bought and sold shares of the company. Quarry LP raised its holdings in LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after purchasing an additional 915 shares during the period. DT Investment Partners LLC increased its position in shares of LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after acquiring an additional 545 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in shares of LiveRamp during the fourth quarter worth $38,000. Smartleaf Asset Management LLC increased its position 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 worth $49,000 after acquiring an additional 1,332 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after acquiring an additional 1,189 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Trading Up 0.9 %

Shares of LiveRamp stock opened at $34.52 on Friday. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 690.48 and a beta of 0.96. LiveRamp has a 1-year low of $21.45 and a 1-year high of $42.10. The firm’s 50-day moving average price is $31.67 and its two-hundred day moving average price is $28.06.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. As a group, equities research analysts predict that LiveRamp will post 0.36 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.