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

Key Points

• LiveRamp Holdings, Inc. has received a consensus "Hold" recommendation from eight analysts, with two rating it as a sell, three as hold, and three as buy.
• The average 12-month target price set by analysts for LiveRamp shares is $40.83, while recent adjustments include Morgan Stanley reducing its price target from $34.00 to $30.00.
• Insider trading activity shows that CTO Mohsin Hussain sold 12,734 shares at an average price of $27.94, resulting in a 16.72% decrease in his ownership of the stock.

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) have received a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $40.8333.

A number of research firms have commented on RAMP. Weiss Ratings restated a "hold (c-)" rating on shares of LiveRamp in a research note on Wednesday. Morgan Stanley decreased their price target on LiveRamp from $34.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen raised LiveRamp from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Zacks Research lowered LiveRamp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Benchmark reaffirmed a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of LiveRamp in a research report on Tuesday, August 5th.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 12,734 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.94, for a total transaction of $355,787.96. Following the sale, the chief technology officer owned 63,409 shares of the company's stock, valued at approximately $1,771,647.46. This represents a 16.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.31% of the company's stock.

Hedge Funds Weigh In On LiveRamp

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in LiveRamp by 2.9% in the first quarter. Principal Financial Group Inc. now owns 380,060 shares of the company's stock valued at $9,935,000 after buying an additional 10,624 shares during the last quarter. AQR Capital Management LLC increased its holdings in LiveRamp by 101.5% in the first quarter. AQR Capital Management LLC now owns 229,244 shares of the company's stock valued at $5,869,000 after buying an additional 115,464 shares during the last quarter. Blue Trust Inc. increased its holdings in LiveRamp by 63.0% in the first quarter. Blue Trust Inc. now owns 2,558 shares of the company's stock valued at $67,000 after buying an additional 989 shares during the last quarter. Voya Investment Management LLC increased its holdings in LiveRamp by 38.3% in the first quarter. Voya Investment Management LLC now owns 65,840 shares of the company's stock valued at $1,721,000 after buying an additional 18,222 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in LiveRamp in the first quarter valued at $543,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Stock Performance

RAMP opened at $28.45 on Thursday. LiveRamp has a one year low of $22.82 and a one year high of $36.08. The stock has a market capitalization of $1.87 billion, a PE ratio of 129.32 and a beta of 0.90. The business's 50 day moving average price is $27.75 and its 200 day moving average price is $29.06.

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

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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