LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $45.20 Average Target Price from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has earned a consensus recommendation of "Buy" from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.20.

RAMP has been the subject of a number of research analyst reports. Benchmark reduced their target price on LiveRamp from $56.00 to $48.00 and set a "buy" rating for the company in a report on Monday, October 7th. Evercore ISI dropped their price target on LiveRamp from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Craig Hallum dropped their price target on LiveRamp from $55.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Macquarie upgraded LiveRamp to a "strong-buy" rating in a research note on Thursday, August 8th. Finally, StockNews.com downgraded LiveRamp from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 16th.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 5,773 shares of LiveRamp stock in a transaction on Friday, August 30th. The stock was sold at an average price of $25.98, for a total transaction of $149,982.54. Following the transaction, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other LiveRamp news, Director Debora B. Tomlin sold 9,765 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $25.07, for a total transaction of $244,808.55. Following the sale, the director now directly owns 24,509 shares of the company's stock, valued at $614,440.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief technology officer now directly owns 73,614 shares in the company, valued at approximately $1,912,491.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,538 shares of company stock worth $495,471. Corporate insiders own 3.39% of the company's stock.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently bought and sold shares of RAMP. Principal Financial Group Inc. raised its holdings in LiveRamp by 7.8% during the first quarter. Principal Financial Group Inc. now owns 367,983 shares of the company's stock valued at $12,695,000 after acquiring an additional 26,471 shares during the period. Jennison Associates LLC increased its holdings in shares of LiveRamp by 286.9% in the first quarter. Jennison Associates LLC now owns 1,407,098 shares of the company's stock worth $48,545,000 after purchasing an additional 1,043,457 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of LiveRamp by 2.4% in the first quarter. Texas Permanent School Fund Corp now owns 57,924 shares of the company's stock worth $1,998,000 after purchasing an additional 1,354 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of LiveRamp by 1.2% in the first quarter. Illinois Municipal Retirement Fund now owns 38,264 shares of the company's stock worth $1,320,000 after purchasing an additional 461 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of LiveRamp by 11.6% in the first quarter. Russell Investments Group Ltd. now owns 499,275 shares of the company's stock worth $17,225,000 after purchasing an additional 51,887 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

RAMP stock traded up $0.07 on Thursday, reaching $23.76. 470,259 shares of the company traded hands, compared to its average volume of 655,231. LiveRamp has a one year low of $21.45 and a one year high of $42.66. The company has a market cap of $1.59 billion, a P/E ratio of 132.00 and a beta of 0.96. The firm has a fifty day simple moving average of $24.95 and a 200-day simple moving average of $28.88.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The business had revenue of $175.96 million during the quarter, compared to analyst estimates of $171.92 million. LiveRamp had a return on equity of 2.14% and a net margin of 0.88%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. On average, sell-side analysts forecast that LiveRamp will post 0.37 EPS 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.