LiveRamp Holdings, Inc. (NYSE:RAMP) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• LiveRamp Holdings, Inc. has received a consensus recommendation of “Hold” from seven research firms, with two sell ratings, two hold ratings, and three buy ratings
• CTO Mohsin Hussain sold over 12,700 shares at an average price of $27.94, representing a 16.72% decrease in his position.
• Institutional investors hold a significant 93.83% of LiveRamp's stock, with notable increases in holdings by firms such as Pacer Advisors Inc. and Vanguard Group Inc.

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three 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 $40.8333.

A number of research firms recently issued reports on RAMP. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Wells Fargo & Company upped their price target on LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Zacks Research downgraded LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Benchmark reaffirmed a "buy" rating and set a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Finally, DA Davidson began coverage on LiveRamp in a research report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target for the company.

Insider Buying and Selling

In other LiveRamp news, CTO Mohsin Hussain sold 12,734 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the completion of the transaction, the chief technology officer owned 63,409 shares of the company's stock, valued at $1,771,647.46. This represents a 16.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy R. Cadogan sold 2,500 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $85,000.00. Following the completion of the sale, the director directly owned 55,470 shares of the company's stock, valued at approximately $1,885,980. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

Institutional Investors Weigh In On LiveRamp

Several hedge funds have recently added to or reduced their stakes in RAMP. Pacer Advisors Inc. lifted its holdings in LiveRamp by 9,007.8% during the 1st quarter. Pacer Advisors Inc. now owns 344,822 shares of the company's stock valued at $9,014,000 after purchasing an additional 341,036 shares during the last quarter. Vanguard Group Inc. lifted its holdings in LiveRamp by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 9,131,290 shares of the company's stock valued at $238,692,000 after purchasing an additional 283,747 shares during the last quarter. Marshall Wace LLP lifted its holdings in LiveRamp by 366.7% during the 2nd quarter. Marshall Wace LLP now owns 343,282 shares of the company's stock valued at $11,342,000 after purchasing an additional 269,719 shares during the last quarter. Nuveen LLC acquired a new stake in LiveRamp during the 1st quarter valued at $6,123,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in LiveRamp by 27.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 997,402 shares of the company's stock valued at $26,072,000 after purchasing an additional 212,572 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Performance

NYSE RAMP opened at $26.42 on Friday. The business has a 50 day simple moving average of $29.75 and a 200 day simple moving average of $29.07. LiveRamp has a 52-week low of $22.82 and a 52-week high of $36.08. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 120.07 and a beta of 0.92.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a return on equity of 2.21% and a net margin of 1.89%.The business had revenue of $194.82 million during the quarter, compared to analysts' expectations of $191.22 million. During the same period in the prior year, the business earned $0.35 EPS. LiveRamp's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts predict that LiveRamp will post 0.48 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.

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