LiveRamp (NYSE:RAMP) Sets New 1-Year High – Time to Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.94 and last traded at $37.6680, with a volume of 651 shares changing hands. The stock had previously closed at $37.70.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RAMP. Evercore began coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 target price for the company. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research note on Tuesday, May 19th. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $38.50 in a report on Monday, May 18th. Morgan Stanley set a $38.50 price objective on LiveRamp in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.21.

LiveRamp Stock Up 0.5%

The company has a market cap of $2.26 billion, a PE ratio of 16.51 and a beta of 1.27. The stock’s 50 day moving average is $34.65 and its 200-day moving average is $29.64.

LiveRamp (NYSE:RAMP) last announced its earnings results on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Several hedge funds and other institutional investors have recently made changes to their positions in RAMP. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LiveRamp during the 4th quarter worth about $55,256,000. Fort Washington Investment Advisors Inc. OH lifted its stake in LiveRamp by 37.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock worth $51,997,000 after purchasing an additional 529,485 shares during the last quarter. Boston Partners boosted its position in shares of LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after buying an additional 459,094 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of LiveRamp by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock valued at $73,519,000 after buying an additional 365,894 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of LiveRamp by 16.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after buying an additional 213,706 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.