LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $50.25 Consensus Target Price from Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given an average recommendation of “Buy” by the four research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $50.25.

A number of research analysts have recently commented on RAMP shares. StockNews.com cut shares of LiveRamp from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Benchmark lifted their price objective on LiveRamp from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Morgan Stanley decreased their target price on shares of LiveRamp from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd.

LiveRamp Trading Up 1.4 %

Shares of NYSE:RAMP opened at $30.36 on Friday. The firm has a 50 day moving average of $31.62 and a 200-day moving average of $34.64. LiveRamp has a 12 month low of $26.99 and a 12 month high of $42.66. The stock has a market capitalization of $2.01 billion, a PE ratio of 168.68 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). LiveRamp had a net margin of 1.80% and a return on equity of 3.27%. The firm had revenue of $171.85 million during the quarter, compared to the consensus estimate of $159.95 million. On average, research analysts predict that LiveRamp will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kimberly Bloomston sold 13,055 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $31.11, for a total transaction of $406,141.05. Following the transaction, the insider now owns 127,404 shares in the company, valued at approximately $3,963,538.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Mohsin Hussain sold 17,299 shares of the business’s 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 completion of the sale, the chief technology officer now owns 88,546 shares in the company, valued at $2,758,207.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kimberly Bloomston sold 13,055 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $31.11, for a total value of $406,141.05. Following the completion of the transaction, the insider now owns 127,404 shares in the company, valued at $3,963,538.44. The disclosure for this sale can be found here. Company insiders own 2.93% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RAMP. Headlands Technologies LLC acquired a new stake in shares of LiveRamp in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust boosted its stake in LiveRamp by 198.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock valued at $30,000 after purchasing an additional 523 shares during the last quarter. Pacer Advisors Inc. increased its holdings in LiveRamp by 62.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after purchasing an additional 737 shares in the last quarter. Covestor Ltd raised its stake in shares of LiveRamp by 44.9% in the first quarter. Covestor Ltd now owns 2,131 shares of the company’s stock worth $73,000 after purchasing an additional 660 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of LiveRamp in the first quarter valued at approximately $87,000. 93.83% of the stock is owned by 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.