LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $39.71 Consensus Target Price from Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has earned an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.71.

RAMP has been the topic of several research reports. StockNews.com upgraded shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 22nd. Morgan Stanley reiterated an "equal weight" rating and issued a $35.00 price objective on shares of LiveRamp in a research report on Monday, January 13th. Wells Fargo & Company assumed coverage on LiveRamp in a report on Monday, October 28th. They set an "equal weight" rating and a $25.00 price objective on the stock. Benchmark restated a "buy" rating and issued a $42.00 target price on shares of LiveRamp in a research note on Tuesday. Finally, Macquarie reiterated an "outperform" rating and set a $43.00 price target on shares of LiveRamp in a research note on Thursday, November 7th.

LiveRamp Trading Up 1.6 %

NYSE:RAMP traded up $0.55 during mid-day trading on Friday, hitting $34.23. 391,406 shares of the company's stock traded hands, compared to its average volume of 496,268. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 684.70 and a beta of 0.96. The firm has a 50 day moving average of $31.58 and a two-hundred day moving average of $28.01. LiveRamp has a 12 month low of $21.45 and a 12 month high of $42.10.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $185.00 million during the quarter, compared to analysts' expectations of $176.16 million. During the same period in the prior year, the business earned $0.21 earnings per share. LiveRamp's revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities research analysts expect that LiveRamp will post 0.36 earnings per share for the current year.

Institutional Trading of LiveRamp

Several large investors have recently added to or reduced their stakes in RAMP. Quarry LP boosted its holdings in shares of LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company's stock worth $29,000 after acquiring an additional 915 shares in the last quarter. DT Investment Partners LLC boosted its stake in LiveRamp by 62.6% in the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company's stock worth $35,000 after purchasing an additional 545 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in shares of LiveRamp during the fourth quarter worth $38,000. GAMMA Investing LLC increased its stake in shares of LiveRamp by 232.2% in the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company's stock valued at $52,000 after buying an additional 1,189 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of LiveRamp in the third quarter valued at about $92,000. 93.83% of the stock is owned by 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.