LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Recommendation of “Buy” from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $70.29.

A number of analysts recently commented on RAMP shares. Zacks Investment Research raised LiveRamp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. Morgan Stanley lowered their target price on LiveRamp from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 10th. TheStreet lowered shares of LiveRamp from a “c-” rating to a “d+” rating in a research report on Friday, April 1st. BMO Capital Markets raised shares of LiveRamp from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Tuesday, March 15th. Finally, Wells Fargo & Company reduced their price objective on LiveRamp from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, February 10th.

In related news, insider Diego Panama sold 4,339 shares of the stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $43.45, for a total transaction of $188,529.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Scott E. Howe sold 55,000 shares of LiveRamp stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $30.90, for a total value of $1,699,500.00. Following the transaction, the chief executive officer now directly owns 720,542 shares of the company’s stock, valued at approximately $22,264,747.80. The disclosure for this sale can be found here. 3.34% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of RAMP. FMR LLC boosted its holdings in LiveRamp by 7,200.2% in the 1st quarter. FMR LLC now owns 456,701 shares of the company’s stock valued at $24,923,000 after purchasing an additional 450,445 shares during the period. Morgan Stanley boosted its stake in LiveRamp by 32.3% during the second quarter. Morgan Stanley now owns 1,185,374 shares of the company’s stock valued at $55,534,000 after buying an additional 289,708 shares during the period. Raymond James & Associates grew its position in LiveRamp by 48.3% during the third quarter. Raymond James & Associates now owns 9,227 shares of the company’s stock worth $436,000 after buying an additional 3,004 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in LiveRamp by 55.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,879 shares of the company’s stock worth $136,000 after acquiring an additional 1,030 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of LiveRamp by 16.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 2,798 shares of the company’s stock valued at $131,000 after acquiring an additional 386 shares in the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:RAMP opened at $27.74 on Friday. LiveRamp has a 1-year low of $27.55 and a 1-year high of $58.74. The stock has a market cap of $1.89 billion, a PE ratio of -54.39 and a beta of 1.16. The stock’s fifty day simple moving average is $36.57 and its two-hundred day simple moving average is $43.51.

LiveRamp (NYSE:RAMP – Get Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $140.60 million for the quarter. LiveRamp had a negative net margin of 6.93% and a negative return on equity of 1.93%. During the same quarter last year, the firm posted ($0.18) earnings per share. Equities research analysts forecast that LiveRamp will post 0.16 earnings per share for the current year.

About LiveRamp (Get Rating)

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier that provides activation, measurement and analytics, identity, data collaboration, and data marketplace solutions.

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