Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) Price Target at $39.83

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.83.

A number of research firms have recently weighed in on RAMP. StockNews.com upgraded LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 22nd. Morgan Stanley raised their target price on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Evercore ISI boosted their price target on shares of LiveRamp from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Benchmark restated a “buy” rating and set a $45.00 price objective on shares of LiveRamp in a research report on Wednesday, February 26th.

LiveRamp Price Performance

Shares of RAMP opened at $27.02 on Friday. LiveRamp has a 12 month low of $21.45 and a 12 month high of $38.00. The stock has a fifty day moving average price of $30.93 and a 200 day moving average price of $28.93. The company has a market cap of $1.78 billion, a P/E ratio of 2,701.50 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). LiveRamp had a return on equity of 0.97% and a net margin of 0.01%. As a group, research analysts anticipate that LiveRamp will post 0.48 earnings per share for the current year.

Insider Buying and Selling at LiveRamp

In other news, CTO Mohsin Hussain sold 3,554 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the transaction, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Vihan Sharma sold 39,845 shares of LiveRamp stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $35.56, for a total value of $1,416,888.20. Following the sale, the executive now directly owns 110,902 shares in the company, valued at approximately $3,943,675.12. This trade represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in LiveRamp during the fourth quarter worth $38,000. Quarry LP increased its stake in LiveRamp by 344.4% in the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after acquiring an additional 1,133 shares during the period. Smartleaf Asset Management LLC increased its stake in LiveRamp by 477.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after acquiring an additional 1,332 shares during the period. GAMMA Investing LLC lifted its stake in LiveRamp by 232.2% during the fourth quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock worth $52,000 after purchasing an additional 1,189 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in LiveRamp by 101.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock worth $62,000 after purchasing an additional 1,027 shares during the period. 93.83% of the stock is currently owned by institutional investors.

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.