Stocks of LiveRamp Holdings Inc. (NYSE:RAMP) traded higher last session on Wall Street, up 1.48% to $25.36.
According to the data, LiveRamp Holdings Inc. (NYSE:RAMP) has 11 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $20.00, we find $28.00. Given the previous closing price of $24.99, this indicates a potential upside of 12.04 percent. RAMP stock price is now 13.21% away from the 50-day moving average and 5.10% away from the 200-day moving average. The market capitalization of the company currently stands at $1.64B.
A total of 3 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $28.56 as their price target over the next twelve months.
On March 15, 2022, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $48, while ‘Berenberg’ rates the stock as ‘Buy’.
In other news, Hussain Mohsin, CHIEF TECHNOLOGY OFFICER sold 7,332 shares of the company’s stock on Nov 16. The stock was sold for $162,184 at an average price of $22.12. Upon completion of the transaction, the CHIEF TECHNOLOGY OFFICER now directly owns 112,988 shares in the company, valued at $2.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23, Director TOMLIN DEBORA B bought 528 shares of the business’s stock. A total of $9,990 was incurred on buying the stock at an average price of $18.92. This leaves the insider owning 22,748 shares of the company worth $0.58 million. Insiders disposed of 285,422 shares of company stock worth roughly $7.24 million over the past 1 year. A total of 2.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RAMP stock. A new stake in LiveRamp Holdings Inc. shares was purchased by FEDERATED HERMES, INC. during the first quarter worth $10,519,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $7,884,000 in shares of RAMP during the first quarter. In the first quarter, INVENOMIC CAPITAL MANAGEMENT LP acquired a new stake in LiveRamp Holdings Inc. valued at approximately $3,294,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in RAMP for approximately $2,821,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in RAMP valued at around $1,965,000 in the second quarter. In total, there are 305 active investors with 94.80% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $24.99 for LiveRamp Holdings Inc. (NYSE: RAMP). During the past 12 months, LiveRamp Holdings Inc. has had a low of $15.37 and a high of $45.29. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.70, and a quick ratio of 4.70. The fifty day moving average price for RAMP is $22.59 and a two-hundred day moving average price translates $24.06 for the stock.
The latest earnings results from LiveRamp Holdings Inc. (NYSE: RAMP) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.01 by 0.04. This compares to -$0.09 EPS in the same period last year. The net profit margin was -17.90% and return on equity was -10.00% for RAMP. The company reported revenue of $147.1 million for the quarter, compared to $127.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.56 percent. For the current quarter, analysts expect RAMP to generate $143.37M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2008. Investors who held shares on 08/21/2008 were paid a $0.06 dividend.
LiveRamp Holdings Inc.(RAMP) Company Profile
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. It serves financial, insurance and investment services, retail, automotive, telecommunications, high tech, consumer packaged goods, healthcare, travel, entertainment, non-profit, and government industries. The company was formerly known as Acxiom Holdings, Inc. and changed its name to LiveRamp Holdings, Inc. in October 2018. LiveRamp Holdings, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.