LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $82.10.
Several research analysts have weighed in on RAMP shares. Needham & Company LLC boosted their price target on LiveRamp from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. Evercore ISI boosted their target price on LiveRamp from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 13th. Zacks Investment Research lowered LiveRamp from a “hold” rating to a “sell” rating in a report on Saturday, April 3rd. Susquehanna boosted their target price on LiveRamp from $85.00 to $90.00 and gave the stock a “positive” rating in a report on Tuesday, February 9th. Finally, Susquehanna Bancshares boosted their target price on LiveRamp from $85.00 to $90.00 and gave the stock a “positive” rating in a report on Tuesday, February 9th.
Shares of NYSE:RAMP traded down $1.88 during trading on Friday, hitting $51.09. 460,371 shares of the company’s stock traded hands, compared to its average volume of 778,989. LiveRamp has a 52 week low of $31.00 and a 52 week high of $87.38. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -39.00 and a beta of 1.28. The company has a 50-day moving average price of $56.81 and a 200-day moving average price of $65.17.
LiveRamp (NYSE:RAMP) last released its earnings results on Sunday, February 7th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.07. The firm had revenue of $120.00 million for the quarter, compared to analysts’ expectations of $113.10 million. LiveRamp had a negative return on equity of 7.60% and a negative net margin of 21.33%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. Equities analysts forecast that LiveRamp will post -1.48 EPS for the current year.
In related news, insider James F. Arra sold 9,500 shares of the company’s stock in a transaction on Monday, February 1st. The stock was sold at an average price of $76.57, for a total transaction of $727,415.00. Following the completion of the sale, the insider now directly owns 132,532 shares in the company, valued at approximately $10,147,975.24. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.29% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of RAMP. JPMorgan Chase & Co. increased its holdings in LiveRamp by 1,148.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,076,270 shares of the company’s stock worth $78,772,000 after purchasing an additional 990,043 shares in the last quarter. Norges Bank acquired a new stake in shares of LiveRamp in the fourth quarter valued at about $44,953,000. William Blair Investment Management LLC increased its stake in shares of LiveRamp by 19.5% in the fourth quarter. William Blair Investment Management LLC now owns 3,155,880 shares of the company’s stock valued at $230,979,000 after buying an additional 514,428 shares during the period. FMR LLC increased its stake in shares of LiveRamp by 7,200.2% in the first quarter. FMR LLC now owns 456,701 shares of the company’s stock valued at $24,923,000 after buying an additional 450,445 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of LiveRamp in the fourth quarter valued at about $29,385,000. 97.12% of the stock is owned by institutional investors and hedge funds.
LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers IdentityLink, a true people-based identifier that provides onboarding, identity resolution, data network, and measurement and analytics solutions.
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