LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $40.83 Average Target Price from Analysts

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 an average rating of "Hold" by the seven ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.8333.

RAMP has been the topic of several recent research reports. Benchmark reissued a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of LiveRamp in a research note on Tuesday, August 5th. Zacks Research cut shares of LiveRamp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. DA Davidson began coverage on shares of LiveRamp in a research note on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target on the stock. Wells Fargo & Company upped their price target on shares of LiveRamp from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised shares of LiveRamp from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RAMP. Engineers Gate Manager LP increased its position in LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company's stock worth $3,748,000 after purchasing an additional 561 shares in the last quarter. Exchange Traded Concepts LLC increased its position in LiveRamp by 2.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 29,466 shares of the company's stock worth $974,000 after purchasing an additional 622 shares in the last quarter. California State Teachers Retirement System increased its position in LiveRamp by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 61,432 shares of the company's stock worth $2,030,000 after purchasing an additional 640 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in LiveRamp by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company's stock worth $999,000 after purchasing an additional 677 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in LiveRamp by 3.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 22,870 shares of the company's stock valued at $598,000 after acquiring an additional 695 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Performance

RAMP traded up $0.38 during trading on Friday, hitting $27.16. The stock had a trading volume of 411,342 shares, compared to its average volume of 608,613. The firm has a market capitalization of $1.78 billion, a P/E ratio of 123.46 and a beta of 0.92. The company's 50-day moving average price is $29.19 and its 200 day moving average price is $29.00. LiveRamp has a twelve month low of $22.82 and a twelve month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $194.82 million for the quarter, compared to analysts' expectations of $191.22 million. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. LiveRamp's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities analysts expect that LiveRamp will post 0.48 earnings per share 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.