Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $40.67

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.67.

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Morgan Stanley boosted their price objective on shares of LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Benchmark reiterated a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of LiveRamp in a research note on Thursday, May 22nd. Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a report on Wednesday, April 16th.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 17,529 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total value of $578,457.00. Following the completion of the transaction, the chief technology officer now directly owns 79,616 shares in the company, valued at $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RAMP. Strs Ohio bought a new position in LiveRamp during the first quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new stake in LiveRamp in the 4th quarter valued at about $38,000. Quarry LP boosted its position in shares of LiveRamp by 344.4% during the 4th quarter. Quarry LP now owns 1,462 shares of the company's stock valued at $44,000 after purchasing an additional 1,133 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $49,000 after purchasing an additional 1,332 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of LiveRamp in the 1st quarter worth approximately $49,000. 93.83% of the stock is owned by institutional investors.

LiveRamp Stock Performance

Shares of RAMP stock traded up $0.24 during trading hours on Friday, hitting $33.36. 373,378 shares of the company were exchanged, compared to its average volume of 630,848. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 3,336.20 and a beta of 1.02. LiveRamp has a one year low of $21.45 and a one year high of $36.08. The business's 50-day simple moving average is $27.81 and its two-hundred day simple moving average is $29.74.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to the consensus estimate of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, analysts anticipate that LiveRamp will post 0.48 EPS for the current fiscal 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.