LiveRamp (NYSE:RAMP) Reaches New 1-Year Low on Analyst Downgrade

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price reached a new 52-week low during trading on Tuesday after Benchmark lowered their price target on the stock from $53.00 to $38.00. Benchmark currently has a buy rating on the stock. LiveRamp traded as low as $22.81 and last traded at $22.7850, with a volume of 194338 shares traded. The stock had previously closed at $24.51.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company boosted their target price on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Cross Research set a $53.00 price target on shares of LiveRamp in a research note on Tuesday, November 4th. Morgan Stanley lifted their price target on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.33.

Institutional Investors Weigh In On LiveRamp

Large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division lifted its holdings in shares of LiveRamp by 4.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after purchasing an additional 470 shares in the last quarter. Parkside Financial Bank & Trust raised its position in LiveRamp by 18.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after buying an additional 487 shares during the period. Engineers Gate Manager LP lifted its stake in LiveRamp by 0.5% in the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after acquiring an additional 561 shares in the last quarter. US Bancorp DE lifted its stake in LiveRamp by 8.8% in the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after acquiring an additional 564 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. grew its stake in LiveRamp by 0.3% during the 4th quarter. Bronte Capital Management Pty Ltd. now owns 231,994 shares of the company’s stock valued at $6,814,000 after acquiring an additional 599 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Price Performance

The firm’s fifty day moving average is $27.73 and its 200 day moving average is $28.19. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 37.43 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that LiveRamp Holdings, Inc. will post 0.48 EPS for the current fiscal year.

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.