LiveRamp Holdings (NASDAQ:RAMP) Receives Consensus Recommendation of “Buy” from Analysts

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Shares of LiveRamp Holdings (NASDAQ:RAMP) have earned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $63.17.

A number of equities research analysts recently commented on RAMP shares. Morgan Stanley started coverage on shares of LiveRamp in a report on Monday, July 15th. They set an “overweight” rating and a $64.00 price objective on the stock. Susquehanna Bancshares began coverage on shares of LiveRamp in a report on Wednesday, June 26th. They set a “positive” rating and a $70.00 price objective on the stock. Zacks Investment Research lowered shares of LiveRamp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, First Analysis upgraded shares of LiveRamp from a “neutral” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Wednesday, May 29th.

In other LiveRamp news, Director Clark M. Kokich sold 1,000 shares of LiveRamp stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $44.14, for a total value of $44,140.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of hedge funds have recently modified their holdings of RAMP. Advisor Group Inc. increased its stake in LiveRamp by 100.0% in the 2nd quarter. Advisor Group Inc. now owns 536 shares of the company’s stock valued at $27,000 after buying an additional 268 shares during the last quarter. Assetmark Inc. acquired a new stake in LiveRamp in the 2nd quarter valued at $46,000. Hilton Capital Management LLC acquired a new stake in LiveRamp in the 1st quarter valued at $49,000. First Mercantile Trust Co. acquired a new stake in LiveRamp in the 1st quarter valued at $90,000. Finally, Tower Research Capital LLC TRC increased its stake in LiveRamp by 63.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,174 shares of the company’s stock valued at $105,000 after buying an additional 845 shares during the last quarter.

Shares of NASDAQ:RAMP traded down $0.22 during midday trading on Friday, reaching $45.76. 764,200 shares of the company were exchanged, compared to its average volume of 682,362. LiveRamp has a fifty-two week low of $36.53 and a fifty-two week high of $63.23. The stock has a fifty day simple moving average of $45.67 and a two-hundred day simple moving average of $52.00.

LiveRamp (NASDAQ:RAMP) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.01. The company had revenue of $82.51 million for the quarter, compared to analyst estimates of $78.31 million.

About LiveRamp

LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.

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Analyst Recommendations for LiveRamp (NASDAQ:RAMP)

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