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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned 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 recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.2143.

A number of brokerages have recently issued reports on RAMP. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a report on Friday, May 22nd. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. DA Davidson reissued a “neutral” rating on shares of LiveRamp in a research report on Tuesday. Finally, Craig Hallum lowered LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a research note on Tuesday, May 19th.

LiveRamp Trading Up 0.2%

NYSE RAMP opened at $37.85 on Thursday. The firm’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $31.73. LiveRamp has a 1 year low of $21.71 and a 1 year high of $38.23. The firm has a market capitalization of $2.30 billion, a P/E ratio of 15.51 and a beta of 1.29.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. On average, research analysts anticipate that LiveRamp will post 2.07 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

Large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its position in LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after purchasing an additional 946 shares during the period. Headlands Technologies LLC acquired a new position in shares of LiveRamp in the second quarter valued at $31,000. Strs Ohio acquired a new position in shares of LiveRamp in the first quarter valued at $31,000. Hantz Financial Services Inc. raised its position in shares of LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after purchasing an additional 583 shares during the period. Institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

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.