LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.00.
Several brokerages recently weighed in on RAMP. StockNews.com began coverage on LiveRamp in a report on Wednesday, October 12th. They set a "buy" rating for the company. Craig Hallum decreased their price target on LiveRamp from $30.00 to $25.00 in a report on Wednesday, November 9th. Susquehanna Bancshares cut their price objective on LiveRamp from $45.00 to $30.00 in a research report on Wednesday, November 9th. Benchmark initiated coverage on LiveRamp in a research report on Monday, September 19th. They issued a "hold" rating for the company. Finally, Susquehanna cut their price objective on LiveRamp from $45.00 to $30.00 in a research report on Wednesday, November 9th.
Get LiveRamp alerts:LiveRamp Trading Up 0.2 %
RAMP stock opened at $24.35 on Friday. The company has a market capitalization of $1.62 billion, a P/E ratio of -16.13 and a beta of 1.06. LiveRamp has a twelve month low of $15.37 and a twelve month high of $47.41. The business has a 50 day simple moving average of $21.96 and a 200-day simple moving average of $21.02.
LiveRamp (NYSE:RAMP – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.12. LiveRamp had a negative return on equity of 4.83% and a negative net margin of 17.92%. The firm had revenue of $147.10 million during the quarter, compared to the consensus estimate of $144.11 million. Research analysts predict that LiveRamp will post -0.46 EPS for the current fiscal year.Insider Activity
In other news, CTO Mohsin Hussain sold 7,332 shares of the firm's stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $22.12, for a total value of $162,183.84. Following the completion of the transaction, the chief technology officer now owns 112,988 shares in the company, valued at $2,499,294.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.01% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in RAMP. Eisler Capital UK Ltd. purchased a new position in shares of LiveRamp in the third quarter valued at $28,000. Richelieu Gestion PLC increased its position in shares of LiveRamp by 109.0% in the third quarter. Richelieu Gestion PLC now owns 2,541 shares of the company's stock valued at $46,000 after buying an additional 1,325 shares in the last quarter. B. Riley Asset Management LLC purchased a new position in shares of LiveRamp in the second quarter valued at $52,000. Advisors Asset Management Inc. increased its position in LiveRamp by 214.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company's stock worth $62,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in LiveRamp by 95.6% during the 2nd quarter. Captrust Financial Advisors now owns 3,020 shares of the company's stock worth $78,000 after purchasing an additional 1,476 shares in the last quarter. Hedge funds and other institutional investors own 93.19% of the company's stock.
About LiveRamp
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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; Safe Haven, an enterprise data enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform.
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