Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $41.14

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has been given an average rating of "Moderate Buy" by the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.14.

A number of equities analysts have weighed in on RAMP shares. Craig Hallum dropped their price target on shares of LiveRamp from $55.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Macquarie reiterated an "outperform" rating and issued a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th. Evercore ISI dropped their price target on shares of LiveRamp from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Benchmark dropped their price target on shares of LiveRamp from $48.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on shares of LiveRamp in a research report on Monday, October 28th. They issued an "equal weight" rating and a $25.00 price target for the company.

Insider Activity

In related news, CTO Mohsin Hussain sold 5,773 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $25.98, for a total value of $149,982.54. Following the transaction, the chief technology officer now owns 73,614 shares of the company's stock, valued at $1,912,491.72. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kimberly Bloomston sold 4,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the transaction, the insider now owns 117,247 shares in the company, 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. Over the last quarter, insiders have sold 19,538 shares of company stock valued at $495,471. 3.39% of the stock is currently owned by company insiders.

Institutional Trading of LiveRamp

Institutional investors have recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in LiveRamp by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 13,057 shares of the company's stock worth $450,000 after purchasing an additional 708 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in LiveRamp by 23.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 23,199 shares of the company's stock worth $800,000 after purchasing an additional 4,410 shares in the last quarter. Vanguard Group Inc. raised its position in LiveRamp by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 8,174,985 shares of the company's stock worth $282,037,000 after buying an additional 115,685 shares during the last quarter. Covestor Ltd raised its position in LiveRamp by 44.9% during the 1st quarter. Covestor Ltd now owns 2,131 shares of the company's stock worth $73,000 after buying an additional 660 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in LiveRamp during the 1st quarter worth approximately $1,302,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Trading Up 0.4 %

RAMP stock traded up $0.10 during midday trading on Monday, reaching $27.99. 138,190 shares of the company's stock traded hands, compared to its average volume of 646,092. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66. The stock has a market cap of $1.83 billion, a P/E ratio of 563.20 and a beta of 0.96. The stock's 50-day moving average is $25.38 and its 200 day moving average is $28.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The business 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 company earned $0.21 earnings per share. The firm's revenue was up 15.6% on a year-over-year basis. As a group, research analysts expect that LiveRamp will post 0.37 EPS for the current fiscal 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.