Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $41.14

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $41.14.

Several equities research analysts recently weighed in on the company. Benchmark reduced their price target on LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company began coverage on shares of LiveRamp in a research report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, Macquarie reissued an “outperform” rating and set a $43.00 price target on shares of LiveRamp in a research report on Thursday, November 7th.

LiveRamp Stock Down 0.8 %

Shares of LiveRamp stock opened at $31.85 on Friday. The company has a market cap of $2.08 billion, a PE ratio of 637.00 and a beta of 0.97. The business has a 50 day moving average of $27.67 and a 200 day moving average of $27.84. LiveRamp has a 52 week low of $21.45 and a 52 week high of $42.66.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $176.16 million. During the same period last year, the company posted $0.21 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, research analysts anticipate that LiveRamp will post 0.36 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Debora B. Tomlin sold 9,765 shares of LiveRamp stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $25.07, for a total transaction of $244,808.55. Following the transaction, the director now owns 24,509 shares in the company, valued at $614,440.63. This trade represents a 28.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kimberly Bloomston sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the transaction, the insider now directly owns 117,247 shares in the company, valued at approximately $2,951,106.99. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently modified their holdings of the company. American Capital Management Inc. lifted its holdings in LiveRamp by 46.7% in the 3rd quarter. American Capital Management Inc. now owns 2,877,814 shares of the company’s stock worth $71,312,000 after purchasing an additional 916,578 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of LiveRamp during the second quarter valued at approximately $13,214,000. Assenagon Asset Management S.A. lifted its holdings in shares of LiveRamp by 111.4% in the third quarter. Assenagon Asset Management S.A. now owns 559,213 shares of the company’s stock worth $13,857,000 after buying an additional 294,743 shares in the last quarter. Invenomic Capital Management LP boosted its position in shares of LiveRamp by 257.7% during the third quarter. Invenomic Capital Management LP now owns 337,574 shares of the company’s stock worth $8,365,000 after acquiring an additional 243,198 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of LiveRamp by 143.8% during the second quarter. Millennium Management LLC now owns 395,619 shares of the company’s stock worth $12,240,000 after acquiring an additional 233,329 shares during the last quarter. 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.