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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $41.14.

RAMP has been the subject of a number of recent analyst reports. Macquarie reiterated an “outperform” rating and issued a $43.00 target price on shares of LiveRamp in a research report on Thursday, November 7th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Monday. Benchmark lowered their price objective on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price for the company.

LiveRamp Trading Down 0.3 %

RAMP opened at $30.35 on Friday. The business’s 50 day moving average is $28.25 and its 200-day moving average is $27.89. The stock has a market cap of $1.98 billion, a PE ratio of 607.12 and a beta of 0.97. LiveRamp has a twelve month low of $21.45 and a twelve month high of $42.66.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.14. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $176.16 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, analysts forecast that LiveRamp will post 0.36 EPS for the current year.

Insider Buying and Selling

In other LiveRamp news, insider Kimberly Bloomston sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was 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. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debora B. Tomlin sold 9,765 shares of the company’s stock in a transaction dated 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 directly owns 24,509 shares of the company’s stock, valued at $614,440.63. This represents a 28.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in LiveRamp by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the company’s stock worth $1,030,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System boosted its position in shares of LiveRamp by 2.9% in the second quarter. Arizona State Retirement System now owns 18,528 shares of the company’s stock worth $573,000 after buying an additional 523 shares during the period. DT Investment Partners LLC grew its holdings 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 valued at $35,000 after buying an additional 545 shares in the last quarter. Blue Trust Inc. raised its position in LiveRamp by 187.1% during the second quarter. Blue Trust Inc. now owns 1,065 shares of the company’s stock valued at $33,000 after buying an additional 694 shares during the period. Finally, Quarry LP raised its position in LiveRamp by 4,575.0% during the second quarter. Quarry LP now owns 935 shares of the company’s stock valued at $29,000 after buying an additional 915 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.