LiveRamp Holdings, Inc. (NYSE:RAMP – Get Rating) received a consensus rating of “Buy” from the nine research firms that currently cover the company, Marketbeat.com reports. One analyst gave the stock a hold rating and seven gave the company a buy rating. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $70.29.
Several stock analysts have recently released reports on the company. BMO Capital Markets upgraded LiveRamp from a “market performance” rating to an “outperform” rating and set a price target of $48.00 for the company in a Tuesday, March 15 research report. Morgan Stanley cut its price target on LiveRamp from $69.00 to $63.00 and set an “overweight” rating for the company in a Thursday, Feb. 10 research report. TheStreet downgraded LiveRamp from a “c-” rating to a “d+” rating in a Friday, April 1 research report. Wells Fargo & Company reduced its price target on LiveRamp from $95.00 to $85.00 and set a “buy” rating for the company in a Thursday, February 10 research report. Finally, Zacks Investment Research upgraded LiveRamp from a “sell” rating to a “hold” rating in a Wednesday, March 2 research report.
In other LiveRamp news, insider Diego Panama sold 4,339 shares of the company in a trade on Monday, February 14. The stock was sold at an average price of $43.45, for a total value of $188,529.55. The transaction was disclosed in a legal filing with the SEC, accessible via this link. 3.34% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd increased its stake in LiveRamp by 1,000.8% during the 4th quarter. Point72 Hong Kong Ltd now owns 2,631 shares of the company valued at $126,000 after purchasing an additional 2,392 shares during the period. Advisor Group Holdings Inc. increased its stake in LiveRamp by 16.0% during Q3. Advisor Group Holdings Inc. now owns 2,798 shares of the company valued at $131,000 after purchasing an additional 386 shares during the period. PNC Financial Services Group Inc. increased its stake in LiveRamp by 55.7% during Q3. PNC Financial Services Group Inc. now owns 2,879 shares of the company valued at $136,000 after purchasing an additional 1,030 shares during the period. Public Employees Retirement System of Ohio increased its stake in LiveRamp by 9.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,280 shares of the company valued at $157,000 after purchasing an additional 271 shares during the period. Finally, Ieq Capital LLC acquired a new stake in LiveRamp during the 4th quarter at a value of $203,000. 92.18% of the shares are currently held by institutional investors.
RAMP shares opened at $35.98 on Wednesday. The company has a 50-day moving average of $39.27 and a two-hundred-day moving average of $45.12. LiveRamp has a 52-week low of $33.42 and a 52-week high of $58.74. The company has a market capitalization of $2.45 billion, a P/E ratio of -70.55 and a beta of 1.16.
LiveRamp (NYSE:RAMP – Get Rating) last released its results on Wednesday, February 9. The company reported EPS of $0.14 for the quarter, beating the Zacks consensus estimate of $0.11 by $0.03. LiveRamp had a negative return on equity of 1.93% and a negative net margin of 6.93%. The company had revenue of $140.60 million in the quarter. In the same quarter of the previous year, the company made ($0.18) earnings per share. As a group, analysts expect LiveRamp to post 0.16 earnings per share for the current fiscal year.
LiveRamp Company Profile (Get an evaluation)
LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe and Asia-Pacific. The company offers RampID, a true people-based identifier that provides solutions for enablement, measurement and analytics, identity, data collaboration and data marketplace.
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