LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Rating of "Hold" from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has received an average recommendation of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $38.17.

A number of equities analysts have issued reports on the company. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research note on Wednesday, April 16th. StockNews.com lowered LiveRamp from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 12th. Benchmark reissued a "buy" rating and issued a $45.00 price target on shares of LiveRamp in a report on Wednesday, February 26th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of LiveRamp in a research note on Wednesday, April 16th.

LiveRamp Stock Down 1.2 %

RAMP stock traded down $0.30 during trading on Thursday, reaching $24.63. 624,091 shares of the company's stock were exchanged, compared to its average volume of 632,605. LiveRamp has a 1-year low of $21.45 and a 1-year high of $38.00. The firm has a market cap of $1.62 billion, a PE ratio of 2,463.00 and a beta of 1.05. The company's fifty day moving average price is $27.58 and its 200-day moving average price is $28.97.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). LiveRamp had a net margin of 0.01% and a return on equity of 0.97%. As a group, sell-side analysts expect that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Vihan Sharma sold 39,845 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the transaction, the executive now directly owns 110,902 shares of the company's stock, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Mohsin Hussain sold 3,554 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.39% of the company's stock.

Hedge Funds Weigh In On LiveRamp

Institutional investors and hedge funds have recently modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new stake in LiveRamp during the fourth quarter valued at $392,000. HighTower Advisors LLC bought a new stake in shares of LiveRamp in the 3rd quarter valued at approximately $439,000. Empowered Funds LLC acquired a new position in LiveRamp in the fourth quarter worth approximately $220,000. Tributary Capital Management LLC bought a new position in LiveRamp during the fourth quarter valued at approximately $15,251,000. Finally, Smartleaf Asset Management LLC lifted its stake in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $49,000 after acquiring an additional 1,332 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.