LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $40.67 Average Target Price from Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has received an average rating of "Hold" from the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $40.67.

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

Insider Buying and Selling

In other news, CTO Mohsin Hussain sold 17,529 shares of LiveRamp stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $578,457.00. Following the completion of the sale, the chief technology officer owned 79,616 shares of the company's stock, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.39% of the stock is currently owned by corporate insiders.

Institutional Trading of LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised 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 acquiring an additional 283,747 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in LiveRamp by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,801 shares of the company's stock valued at $81,843,000 after purchasing an additional 121,856 shares during the last quarter. Janus Henderson Group PLC increased its holdings in LiveRamp by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company's stock valued at $54,600,000 after purchasing an additional 168,418 shares during the period. Franklin Resources Inc. raised its stake in LiveRamp by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 1,582,917 shares of the company's stock worth $48,073,000 after buying an additional 56,667 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in LiveRamp by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,004,497 shares of the company's stock valued at $26,258,000 after acquiring an additional 8,537 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Stock Up 1.5%

RAMP stock traded up $0.50 during midday trading on Tuesday, reaching $33.53. The company's stock had a trading volume of 283,452 shares, compared to its average volume of 611,105. The business's 50-day simple moving average is $30.50 and its 200-day simple moving average is $29.90. LiveRamp has a 52 week low of $21.45 and a 52 week high of $36.08. The stock has a market cap of $2.18 billion, a PE ratio of -3,352.50 and a beta of 1.01.

LiveRamp (NYSE:RAMP - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $188.72 million during the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a negative net margin of 0.11% and a positive return on equity of 1.33%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, equities analysts forecast 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.