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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $40.2143.

RAMP has been the topic of several research reports. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a report on Friday, May 22nd. Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price on the stock. in a research report on Tuesday, May 19th. Evercore initiated coverage on LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target on the stock. Finally, DA Davidson lowered LiveRamp from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $38.50 in a research report on Monday, May 18th.

Hedge Funds Weigh In On LiveRamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its position in shares of LiveRamp by 769.1% during the first 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 during the last quarter. Headlands Technologies LLC purchased a new position in shares of LiveRamp in the 2nd quarter worth approximately $31,000. Strs Ohio purchased a new position in shares of LiveRamp in the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. raised its stake in shares of LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of LiveRamp by 63.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after acquiring an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

LiveRamp stock traded up $0.10 during midday trading on Friday, hitting $37.88. 1,426,655 shares of the company’s stock were exchanged, compared to its average volume of 1,080,711. The company has a market cap of $2.30 billion, a PE ratio of 16.62 and a beta of 1.27. The firm has a 50-day moving average of $35.99 and a two-hundred day moving average of $30.08. LiveRamp has a 12 month low of $21.71 and a 12 month high of $37.95.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The business had revenue of $206.09 million during the quarter, compared to analyst estimates of $205.49 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that LiveRamp will post 2.07 earnings per share for the current year.

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.