LiveRamp Holdings, Inc. (NYSE:RAMP) Given Average Rating of “Hold” by Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given an average recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $40.67.

A number of research firms recently issued reports on RAMP. Benchmark reissued 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. Evercore ISI reissued an “underperform” rating on shares of LiveRamp in a research note on Wednesday, April 16th. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Morgan Stanley lifted their price target on shares of LiveRamp from $28.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price target 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.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $33.49 on Friday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 3,348.60 and a beta of 1.01. LiveRamp has a 12 month low of $21.45 and a 12 month high of $36.08. The firm’s 50 day simple moving average is $28.24 and its 200-day simple moving average is $29.81.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $188.72 million for the quarter, compared to analyst estimates of $185.41 million. LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. LiveRamp’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 earned $0.25 EPS. Analysts anticipate that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LiveRamp

In other LiveRamp news, CTO Mohsin Hussain sold 17,529 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer now owns 79,616 shares in the company, valued at approximately $2,627,328. This trade represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 purchasing an additional 283,747 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LiveRamp by 4.7% in the fourth 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 period. Janus Henderson Group PLC increased its position in LiveRamp by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,798,198 shares of the company’s stock worth $54,600,000 after purchasing an additional 168,418 shares during the last quarter. Franklin Resources Inc. increased its position 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 purchasing an additional 56,667 shares during the last quarter. Finally, Baillie Gifford & Co. raised its stake in LiveRamp by 4.3% during the fourth quarter. Baillie Gifford & Co. now owns 1,416,642 shares of the company’s stock worth $43,023,000 after purchasing an additional 58,568 shares during the period. 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.