Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $46.80

LiveRamp Holdings, Inc. (NYSE:RAMP) has received an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat.com 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 objective among analysts that have issued ratings on the stock in the last year is $46.80.

RAMP has been the subject of a number of research analyst reports. Macquarie upgraded shares of LiveRamp to a “strong-buy” rating in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $56.00 price target on shares of LiveRamp in a research note on Tuesday, August 6th. Craig Hallum cut their price objective on LiveRamp from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI decreased their target price on LiveRamp from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley dropped their price target on LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd.

Insider Activity

In related news, CTO Mohsin Hussain sold 17,299 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.15, for a total transaction of $538,863.85. Following the transaction, the chief technology officer now owns 88,546 shares in the company, valued at $2,758,207.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the sale, the insider now owns 127,404 shares of the company’s stock, valued at approximately $3,963,538.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Mohsin Hussain sold 17,299 shares of LiveRamp stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $31.15, for a total transaction of $538,863.85. Following the sale, the chief technology officer now directly owns 88,546 shares in the company, valued at approximately $2,758,207.90. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On LiveRamp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DT Investment Partners LLC acquired a new position in shares of LiveRamp in the 2nd quarter worth approximately $27,000. Headlands Technologies LLC purchased a new position in shares of LiveRamp during the fourth quarter worth $29,000. Quarry LP grew its stake in shares of LiveRamp by 4,575.0% in the second quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after buying an additional 915 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of LiveRamp by 198.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after buying an additional 523 shares during the period. Finally, Blue Trust Inc. lifted its stake in LiveRamp by 187.1% during the 2nd quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock worth $33,000 after acquiring an additional 694 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Up 1.6 %

RAMP stock opened at $23.98 on Friday. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66. The company’s 50-day simple moving average is $29.51 and its 200-day simple moving average is $32.70. The firm has a market cap of $1.61 billion, a P/E ratio of 133.22 and a beta of 1.00.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, beating 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 return on equity of 3.27% and a net margin of 1.80%. LiveRamp’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, analysts anticipate that LiveRamp will post 0.3 earnings per share for the current fiscal 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.