LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Recommendation of “Hold” from Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned 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 brokerages have recently issued reports on RAMP. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. DA Davidson reaffirmed a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in shares of LiveRamp during the second quarter worth about $201,000. Maven Securities LTD acquired a new stake in LiveRamp in the 2nd quarter valued at approximately $521,000. Squarepoint Ops LLC lifted its stake in LiveRamp by 3,382.3% in the 2nd quarter. Squarepoint Ops LLC now owns 325,735 shares of the company’s stock valued at $12,261,000 after acquiring an additional 316,381 shares in the last quarter. Baird Financial Group Inc. bought a new stake in LiveRamp in the 2nd quarter valued at approximately $210,000. Finally, Carmignac Gestion acquired a new position in LiveRamp during the 2nd quarter worth approximately $8,813,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Price Performance

NYSE:RAMP opened at $37.69 on Friday. The business’s 50-day simple moving average is $37.73 and its 200-day simple moving average is $34.74. LiveRamp has a fifty-two week low of $21.71 and a fifty-two week high of $38.23. The stock has a market capitalization of $2.29 billion, a PE ratio of 15.44 and a beta of 1.27.

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

About LiveRamp

LiveRamp Holdings, Inc (NYSE:RAMP) is a technology company that provides data collaboration and connectivity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations securely connect customer and business data across systems while supporting privacy, consent and data-governance requirements.

The company’s products and services include identity resolution, data onboarding, audience segmentation, activation and measurement. LiveRamp enables clients to use their first-party data, collaborate with partners in controlled environments and deliver more relevant advertising and marketing experiences across digital, connected television, mobile and other channels.

LiveRamp serves customers across multiple industries and geographies, including North America, Europe and the Asia-Pacific region.