LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Average Recommendation of "Hold" from Analysts

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.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has received a consensus rating of "Hold" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $40.8333.

A number of research analysts have weighed in on the stock. Benchmark reaffirmed 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. Wells Fargo & Company raised their price objective 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. DA Davidson initiated coverage on LiveRamp in a report on Wednesday, July 9th. They set a "buy" rating and a $45.00 price target for the company. Wall Street Zen upgraded LiveRamp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th.

LiveRamp Trading Down 0.8%

NYSE:RAMP opened at $26.8160 on Wednesday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 121.90 and a beta of 1.00. The firm has a fifty day simple moving average of $31.47 and a two-hundred day simple moving average of $29.82. LiveRamp has a 12 month low of $22.82 and a 12 month high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. LiveRamp had a net margin of 1.89% and a return on equity of 2.21%. The firm had revenue of $194.82 million for the quarter, compared to analyst estimates of $191.22 million. During the same period last year, the firm earned $0.35 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total transaction of $85,000.00. Following the transaction, the director directly owned 55,470 shares of the company's stock, valued at $1,885,980. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mohsin Hussain sold 17,529 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $33.00, for a total transaction of $578,457.00. Following the transaction, the chief technology officer directly owned 79,616 shares in the company, valued at $2,627,328. The trade was a 18.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is owned by company insiders.

Institutional Trading of LiveRamp

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in LiveRamp by 2.9% in the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock worth $9,935,000 after acquiring an additional 10,624 shares during the period. Blue Trust Inc. raised its position in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock worth $67,000 after acquiring an additional 989 shares during the period. SG Americas Securities LLC bought a new stake in LiveRamp in the first quarter worth about $543,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LiveRamp by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,557 shares of the company's stock worth $1,141,000 after acquiring an additional 1,766 shares during the period. Finally, Russell Investments Group Ltd. raised its position in LiveRamp by 97.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,986 shares of the company's stock worth $121,000 after acquiring an additional 1,963 shares during the period. Institutional investors own 93.83% of the company's stock.

About LiveRamp

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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