LiveRamp Holdings, Inc. (NYSE:RAMP) Given Average Recommendation of “Hold” by Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $40.2143.

A number of equities analysts have weighed in on RAMP shares. Evercore assumed coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target for the company. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research report on Tuesday, May 19th. DA Davidson cut shares of LiveRamp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $38.50 in a research note on Monday, May 18th. Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Finally, Morgan Stanley set a $38.50 price target on LiveRamp in a report on Friday, May 22nd.

LiveRamp Stock Performance

NYSE:RAMP opened at $37.96 on Friday. The stock has a 50-day simple moving average of $36.80 and a two-hundred day simple moving average of $30.36. The firm has a market capitalization of $2.31 billion, a PE ratio of 16.65 and a beta of 1.27. LiveRamp has a 52-week low of $21.71 and a 52-week high of $38.23.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.28% and a net margin of 17.95%.The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Equities analysts forecast that LiveRamp will post 2.07 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its holdings in LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of LiveRamp in the second quarter worth $31,000. Strs Ohio purchased a new position in shares of LiveRamp in the first quarter worth $31,000. Hantz Financial Services Inc. boosted its position in shares of LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after acquiring an additional 583 shares during the last quarter. 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.