LiveRamp Holdings (NYSE:RAMP) Receives $61.09 Average Price Target from Analysts

Shares of LiveRamp Holdings (NYSE:RAMP) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $61.09.

A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded LiveRamp from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Friday, October 9th. Morgan Stanley lifted their target price on LiveRamp from $52.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Wells Fargo & Company reiterated a “buy” rating and issued a $66.00 target price on shares of LiveRamp in a report on Tuesday, August 11th. Needham & Company LLC raised their price objective on LiveRamp from $57.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets raised their price objective on LiveRamp from $55.00 to $65.00 in a research report on Tuesday, August 11th.

Shares of RAMP stock traded up $0.41 during mid-day trading on Friday, hitting $58.11. 355,840 shares of the company’s stock were exchanged, compared to its average volume of 718,234. LiveRamp has a fifty-two week low of $23.44 and a fifty-two week high of $59.95. The stock has a 50-day simple moving average of $53.51 and a two-hundred day simple moving average of $45.22. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -37.73 and a beta of 1.60.

LiveRamp (NYSE:RAMP) last issued its earnings results on Monday, August 10th. The company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.16. LiveRamp had a negative return on equity of 8.82% and a negative net margin of 26.19%. The firm had revenue of $99.00 million for the quarter, compared to analysts’ expectations of $88.71 million. During the same quarter last year, the firm earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that LiveRamp will post -1.88 EPS for the current year.

In other news, insider James F. Arra sold 18,785 shares of LiveRamp stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $53.51, for a total transaction of $1,005,185.35. Following the sale, the insider now directly owns 229,786 shares of the company’s stock, valued at $12,295,848.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William J. Henderson sold 12,000 shares of LiveRamp stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $51.50, for a total value of $618,000.00. Following the sale, the director now directly owns 26,263 shares in the company, valued at $1,352,544.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,839 shares of company stock worth $6,167,519. Corporate insiders own 5.29% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RAMP. Private Advisor Group LLC bought a new stake in LiveRamp in the second quarter valued at about $40,000. Advisor Group Holdings Inc. bought a new stake in LiveRamp in the first quarter valued at about $49,000. First Mercantile Trust Co. bought a new stake in LiveRamp in the second quarter valued at about $127,000. FDx Advisors Inc. bought a new stake in LiveRamp in the first quarter valued at about $175,000. Finally, Stephens Inc. AR bought a new stake in LiveRamp in the second quarter valued at about $218,000. 97.35% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, provides enterprise customer management platform solutions in the United States, Europe, and the Asia-Pacific. The company offers IdentityLink, an identity platform that connects people, data, and devices across the digital and physical world, powering the people-based marketing that allows consumers to connect with the brands and products they love.

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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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