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

Key Points

• LiveRamp Holdings, Inc. has received a consensus rating of "Hold" from analysts, with one sell, two hold, and four buy recommendations among the seven research firms covering the stock.
• Wells Fargo raised its price target for LiveRamp from $26.00 to $31.00 and assigned an "equal weight" rating, while DA Davidson set a new buy rating with a price objective of $45.00.
• Insiders, including Director Timothy R. Cadogan and CTO Mohsin Hussain, recently sold significant amounts of LiveRamp stock, indicating a 4.31% and 18.04% decrease in their ownership, respectively.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.29.

RAMP has been the subject of several research reports. Morgan Stanley lifted their target price on LiveRamp from $28.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Evercore ISI reaffirmed an "underperform" rating on shares of LiveRamp in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of LiveRamp in a research report on Thursday, May 22nd. Finally, DA Davidson initiated coverage on LiveRamp in a research report on Wednesday, July 9th. They issued a "buy" rating and a $45.00 target price for the company.

LiveRamp Price Performance

Shares of NYSE:RAMP traded down $0.48 during midday trading on Friday, reaching $33.05. 416,916 shares of the company's stock were exchanged, compared to its average volume of 340,916. The firm's 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $30.22. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -3,305.00 and a beta of 1.01. LiveRamp has a fifty-two week low of $21.45 and a fifty-two week high of $36.08.

LiveRamp (NYSE:RAMP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). The business had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a positive return on equity of 1.33% and a negative net margin of 0.11%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. Equities research analysts predict that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Activity at LiveRamp

In related news, Director Timothy R. Cadogan sold 2,500 shares of the business's stock in a transaction that occurred on 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. The trade was 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 through the SEC website. Also, CTO Mohsin Hussain sold 17,529 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $33.00, for a total value of $578,457.00. Following the sale, the chief technology officer owned 79,616 shares of the company's stock, valued at approximately $2,627,328. The trade was a 18.04% decrease in their position. The disclosure for this sale can be found here. 3.31% of the stock is owned by insiders.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. lifted its stake in LiveRamp by 21.0% in the second quarter. Stanley Laman Group Ltd. now owns 135,800 shares of the company's stock valued at $4,487,000 after buying an additional 23,527 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in LiveRamp by 10.2% in the second quarter. Angeles Wealth Management LLC now owns 13,113 shares of the company's stock valued at $433,000 after buying an additional 1,211 shares during the last quarter. CWM LLC lifted its stake in LiveRamp by 130.6% in the second quarter. CWM LLC now owns 19,152 shares of the company's stock valued at $633,000 after buying an additional 10,847 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of LiveRamp by 82.9% in the second quarter. KLP Kapitalforvaltning AS now owns 23,600 shares of the company's stock valued at $780,000 after purchasing an additional 10,700 shares during the period. Finally, Clarius Group LLC increased its holdings in shares of LiveRamp by 1.7% in the second quarter. Clarius Group LLC now owns 98,249 shares of the company's stock valued at $3,246,000 after purchasing an additional 1,683 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

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.