LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $41.14 Average PT from Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $41.14.

A number of brokerages recently issued reports on RAMP. Macquarie reiterated an "outperform" rating and issued a $43.00 price objective on shares of LiveRamp in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of LiveRamp in a research note on Monday, October 28th. They set an "equal weight" rating and a $25.00 price target for the company. Finally, Benchmark reduced 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.

Insider Transactions at LiveRamp

In other news, Director Debora B. Tomlin sold 9,765 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total value of $244,808.55. Following the transaction, the director now directly owns 24,509 shares of the company's stock, valued at $614,440.63. The trade was a 28.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly Bloomston sold 4,000 shares of LiveRamp stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the insider now owns 117,247 shares of the company's stock, valued at approximately $2,951,106.99. The trade was a 3.30 % 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 corporate insiders.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of RAMP. 272 Capital LP purchased a new position in shares of LiveRamp during the third quarter valued at approximately $3,914,000. Franklin Resources Inc. grew its position in shares of LiveRamp by 11.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,526,250 shares of the company's stock valued at $37,653,000 after acquiring an additional 157,696 shares during the period. Geode Capital Management LLC increased its stake in shares of LiveRamp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,493,522 shares of the company's stock worth $37,017,000 after purchasing an additional 15,340 shares during the last quarter. Barclays PLC lifted its stake in LiveRamp by 56.3% in the third quarter. Barclays PLC now owns 438,121 shares of the company's stock valued at $10,857,000 after purchasing an additional 157,775 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in LiveRamp by 164.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,864 shares of the company's stock valued at $690,000 after purchasing an additional 17,310 shares during the period. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Down 0.8 %

Shares of NYSE RAMP traded down $0.25 during midday trading on Friday, reaching $31.86. 279,149 shares of the company were exchanged, compared to its average volume of 636,748. The stock's 50-day moving average price is $27.67 and its 200-day moving average price is $27.88. The stock has a market cap of $2.08 billion, a P/E ratio of 637.20 and a beta of 0.97. LiveRamp has a one year low of $21.45 and a one year high of $42.66.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $176.16 million. LiveRamp had a return on equity of 1.25% and a net margin of 0.40%. LiveRamp's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities research analysts anticipate 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.