LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Has Consensus Target Price of $40.21 According to Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.21.

Several equities analysts recently commented on RAMP shares. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th.

LiveRamp Trading Up 0.1%

RAMP stock opened at $38.23 on Tuesday. The firm has a 50 day moving average of $37.71 and a 200-day moving average of $35.91. The firm has a market capitalization of $2.32 billion, a P/E ratio of 15.67 and a beta of 1.27. LiveRamp has a 12 month low of $21.71 and a 12 month high of $38.34.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $213.99 million for the quarter, compared to analyst estimates of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. LiveRamp’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. Sell-side analysts predict that LiveRamp will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC purchased a new stake in LiveRamp in the third quarter valued at approximately $481,000. Sterling Capital Management LLC grew its stake in LiveRamp by 803.2% in the 3rd quarter. Sterling Capital Management LLC now owns 1,987 shares of the company’s stock worth $75,000 after buying an additional 1,767 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in LiveRamp in the 3rd quarter worth approximately $205,000. Fortitude Family Office LLC grew its stake in LiveRamp by 6,027.3% in the 3rd quarter. Fortitude Family Office LLC now owns 2,696 shares of the company’s stock worth $101,000 after buying an additional 2,652 shares in the last quarter. Finally, Sax Wealth Advisors LLC bought a new position in shares of LiveRamp in the 3rd quarter worth $262,000. 93.83% of the stock is currently owned by institutional investors.

About LiveRamp

LiveRamp (NYSE: RAMP) is a technology company that provides data collaboration and identity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations connect and activate customer and business data while supporting privacy-conscious marketing, measurement and analytics.

The company’s offerings include identity resolution, data onboarding, audience activation, measurement and data collaboration capabilities. LiveRamp also provides privacy-enhancing environments, commonly referred to as data clean rooms, that enable companies to analyze and share information without directly exposing sensitive customer data.