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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.50.

Several equities analysts have recently commented on RAMP shares. Wells Fargo & Company increased their price objective on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Zacks Research raised LiveRamp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 20th. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 15th. Finally, Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th.

Institutional Investors Weigh In On LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH boosted its holdings in LiveRamp by 32.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock valued at $34,887,000 after acquiring an additional 313,868 shares during the period. Boston Partners lifted its position in LiveRamp by 56.6% in the third 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 last quarter. Tributary Capital Management LLC boosted its stake in shares of LiveRamp by 134.0% during the third quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock valued at $28,742,000 after purchasing an additional 606,389 shares during the period. Barclays PLC grew its holdings in shares of LiveRamp by 6.2% in the third quarter. Barclays PLC now owns 721,579 shares of the company’s stock worth $19,584,000 after purchasing an additional 42,026 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LiveRamp by 7.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 710,361 shares of the company’s stock worth $19,279,000 after purchasing an additional 51,466 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

LiveRamp Stock Performance

LiveRamp stock opened at $30.21 on Tuesday. LiveRamp has a fifty-two week low of $22.82 and a fifty-two week high of $36.08. The stock has a market cap of $1.92 billion, a P/E ratio of 49.52 and a beta of 1.17. The firm’s fifty day moving average price is $28.82 and its 200-day moving average price is $29.46.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The company had revenue of $199.83 million during the quarter, compared to analyst estimates of $197.31 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that LiveRamp will post 0.48 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.