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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $39.40.

A number of research firms have commented on RAMP. Zacks Research cut shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. DA Davidson decreased their price objective on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Cross Research set a $53.00 target price on shares of LiveRamp in a research note on Tuesday, November 4th. Wells Fargo & Company upped their target price on shares of LiveRamp from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Finally, Morgan Stanley increased their price target on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th.

LiveRamp Stock Performance

NYSE:RAMP opened at $24.10 on Wednesday. The stock has a 50-day simple moving average of $27.30 and a two-hundred day simple moving average of $27.89. The firm has a market capitalization of $1.52 billion, a PE ratio of 22.74 and a beta of 1.13. LiveRamp has a 52-week low of $21.71 and a 52-week high of $35.60.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $212.20 million for the quarter, compared to the consensus estimate of $211.68 million. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Equities analysts forecast that LiveRamp will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in LiveRamp in the 2nd quarter worth approximately $31,000. Hantz Financial Services Inc. lifted its holdings 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 worth $32,000 after buying an additional 727 shares in the last quarter. Strs Ohio bought a new position in shares of LiveRamp during the first quarter worth $31,000. Picton Mahoney Asset Management bought a new position in shares of LiveRamp during the third quarter worth $38,000. Finally, EverSource Wealth Advisors LLC grew its stake in LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after acquiring an additional 583 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

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.