LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $39.83 Consensus Price Target from Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.83.

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 22nd. Morgan Stanley lifted their price objective on LiveRamp from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $45.00 target price on shares of LiveRamp in a research note on Wednesday, February 26th. Finally, Evercore ISI lifted their price target on LiveRamp from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th.

Insider Buying and Selling at LiveRamp

In other news, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now owns 110,902 shares in the company, valued at $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Mohsin Hussain sold 3,554 shares of the firm's stock in a transaction dated 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 directly owns 57,594 shares in the company, valued at $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is owned by corporate insiders.

Remove Ads

Hedge Funds Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in RAMP. Jefferies Financial Group Inc. acquired a new position in LiveRamp in the 4th quarter valued at $243,000. Mackenzie Financial Corp grew its holdings in shares of LiveRamp by 44.6% during the fourth quarter. Mackenzie Financial Corp now owns 117,821 shares of the company's stock worth $3,578,000 after buying an additional 36,360 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of LiveRamp in the fourth quarter valued at about $359,000. Two Sigma Advisers LP lifted its stake in shares of LiveRamp by 28.6% in the fourth quarter. Two Sigma Advisers LP now owns 11,700 shares of the company's stock worth $355,000 after buying an additional 2,600 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in LiveRamp during the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Price Performance

LiveRamp stock traded down $0.07 during mid-day trading on Friday, reaching $27.43. 400,791 shares of the company traded hands, compared to its average volume of 601,529. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $38.00. The firm's fifty day moving average is $31.10 and its two-hundred day moving average is $28.95. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 2,742.90 and a beta of 0.96.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts predict that LiveRamp will post 0.48 earnings per share for the current year.

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.