LiveRamp (NYSE:RAMP) Posts Earnings Results, Beats Expectations By $0.07 EPS

LiveRamp (NYSE:RAMP) released its earnings results on Wednesday. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07, FiscalAI reports. LiveRamp had a return on equity of 9.82% and a net margin of 18.71%.The firm had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue was up 9.9% on a year-over-year basis.

LiveRamp Stock Performance

LiveRamp stock traded down $0.03 during midday trading on Friday, hitting $37.80. 214,376 shares of the company were exchanged, compared to its average volume of 1,113,139. The firm has a market capitalization of $2.30 billion, a PE ratio of 15.49 and a beta of 1.29. LiveRamp has a fifty-two week low of $21.71 and a fifty-two week high of $38.23. The business has a fifty day simple moving average of $37.69 and a two-hundred day simple moving average of $31.37.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RAMP shares. Morgan Stanley set a $38.50 price objective on LiveRamp in a research note on Friday, May 22nd. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Finally, Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.21.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Schroder Investment Management Group grew its stake in shares of LiveRamp by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock worth $77,750,000 after purchasing an additional 96,867 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp in the 4th quarter valued at $55,256,000. Boston Partners lifted its stake in shares of LiveRamp by 56.6% in the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock valued at $34,746,000 after purchasing an additional 459,094 shares during the period. Barclays PLC boosted its holdings in LiveRamp by 6.2% during the third quarter. Barclays PLC now owns 721,579 shares of the company’s stock worth $19,584,000 after buying an additional 42,026 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in LiveRamp by 7.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 710,361 shares of the company’s stock worth $19,279,000 after buying an additional 51,466 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

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.