LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $47.75 Consensus Target Price from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given a consensus recommendation of “Buy” by the four brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $47.75.

Several research firms recently commented on RAMP. Susquehanna boosted their price objective on shares of LiveRamp from $45.00 to $50.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Craig Hallum upped their price target on LiveRamp from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $51.00 price objective on shares of LiveRamp in a research report on Monday, March 4th.

LiveRamp Trading Up 0.2 %

Shares of NYSE:RAMP opened at $32.56 on Thursday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -148.00 and a beta of 1.00. LiveRamp has a 12 month low of $23.15 and a 12 month high of $42.66. The company has a 50-day moving average price of $33.77 and a 200-day moving average price of $34.72.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. LiveRamp had a positive return on equity of 1.57% and a negative net margin of 2.22%. The business had revenue of $173.87 million during the quarter, compared to analysts’ expectations of $174.00 million. As a group, research analysts forecast that LiveRamp will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Timothy R. Cadogan sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $37.00, for a total value of $55,500.00. Following the transaction, the director now owns 51,016 shares in the company, valued at $1,887,592. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of LiveRamp during the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust boosted its holdings in LiveRamp by 198.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 786 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in LiveRamp by 62.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,908 shares of the company’s stock worth $72,000 after purchasing an additional 737 shares during the last quarter. Quest Partners LLC bought a new stake in LiveRamp in the 4th quarter worth approximately $93,000. Finally, Prudent Man Advisors LLC purchased a new stake in LiveRamp during the 4th quarter valued at $209,000. Hedge funds and other 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.