Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $40.83

Key Points

• LiveRamp Holdings, Inc. has received an average consensus rating of "Hold" from analysts, with six firms covering the stock indicating varied recommendations including one sell and three buy ratings.
• The company's stock opened at $26.82, with a market capitalization of $1.76 billion, and reported a quarterly earnings per share of $0.44, beating analysts' estimates.
• Institutional investors dominate LiveRamp's ownership, holding approximately 93.83% of the company's stock, reflecting strong institutional interest and investment in the firm.

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.8333.

Several analysts have recently weighed in on RAMP shares. DA Davidson assumed coverage on LiveRamp in a report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price for the company. Morgan Stanley dropped their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Benchmark restated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th. Wells Fargo & Company boosted their price target on LiveRamp from $26.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Zacks Research cut LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th.

Insider Activity

In related news, 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 value of $85,000.00. Following the transaction, the director owned 55,470 shares in the company, valued at $1,885,980. The trade was a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of LiveRamp 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 sale, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. This represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.31% of the company's stock.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors have recently added to or reduced their stakes in RAMP. Pacer Advisors Inc. boosted its holdings in LiveRamp by 9,007.8% in 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 in the last quarter. Vanguard Group Inc. boosted its holdings in LiveRamp by 3.2% in 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 in the last quarter. Marshall Wace LLP boosted its holdings in LiveRamp by 366.7% in 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 in the last quarter. Nuveen LLC purchased a new stake in LiveRamp in the 1st quarter valued at approximately $6,123,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in LiveRamp by 27.1% in 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 in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Trading Up 3.6%

Shares of LiveRamp stock traded up $0.98 on Wednesday, hitting $27.89. The stock had a trading volume of 634,259 shares, compared to its average volume of 689,288. LiveRamp has a 52-week low of $22.82 and a 52-week high of $36.08. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 126.78 and a beta of 1.00. The company's 50 day moving average price is $31.18 and its 200 day moving average price is $29.63.

LiveRamp (NYSE:RAMP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $191.22 million. During the same period in the previous year, the business earned $0.35 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. Analysts predict 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.