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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price 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 raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Benchmark reissued a “buy” rating and set a $45.00 price target on shares of LiveRamp in a research report on Wednesday, February 26th. Morgan Stanley raised their price target on LiveRamp from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Evercore ISI raised their price objective on shares of LiveRamp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th.

Insider Activity at LiveRamp

In related news, CTO Mohsin Hussain sold 3,554 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $33.67, for a total transaction of $119,663.18. Following the completion of the transaction, the chief technology officer now owns 57,594 shares in the company, valued at approximately $1,939,189.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Vihan Sharma sold 39,845 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $35.56, for a total transaction of $1,416,888.20. Following the completion of the sale, the executive now owns 110,902 shares in the company, valued at approximately $3,943,675.12. The trade was a 26.43 % decrease in their position. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LiveRamp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in shares of LiveRamp in the 4th quarter worth $38,000. Quarry LP raised its position in LiveRamp by 344.4% during the fourth quarter. Quarry LP now owns 1,462 shares of the company’s stock valued at $44,000 after purchasing an additional 1,133 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of LiveRamp by 477.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $49,000 after purchasing an additional 1,332 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of LiveRamp by 232.2% in the 4th 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 increased its position in shares of LiveRamp by 101.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,039 shares of the company’s stock valued at $62,000 after purchasing an additional 1,027 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

LiveRamp Price Performance

Shares of NYSE:RAMP opened at $27.53 on Friday. LiveRamp has a one year low of $21.45 and a one year high of $38.00. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 2,753.00 and a beta of 0.96. The company’s fifty day moving average price is $31.10 and its 200-day moving average price is $28.95.

LiveRamp (NYSE:RAMP) last released its earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that LiveRamp will post 0.48 EPS for the current 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.