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

LiveRamp Holdings, Inc. (NYSE:RAMP) has received a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.2143.

A number of equities analysts have recently weighed in on the company. Weiss Ratings cut LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Evercore assumed coverage on LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price target for the company. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $38.50 in a report on Monday, May 18th. Morgan Stanley set a $38.50 price target on LiveRamp in a report on Friday, May 22nd. Finally, Craig Hallum cut LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a report on Tuesday, May 19th.

Hedge Funds Weigh In On LiveRamp

Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in shares of LiveRamp during the 2nd quarter worth $31,000. Sound Income Strategies LLC lifted its stake in LiveRamp by 769.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in LiveRamp by 197.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after acquiring an additional 727 shares in the last quarter. Strs Ohio acquired a new position in LiveRamp during the 1st quarter worth about $31,000. Finally, Picton Mahoney Asset Management acquired a new position in LiveRamp during the 3rd quarter worth about $38,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

LiveRamp Stock Down 0.1%

NYSE:RAMP opened at $37.59 on Tuesday. The company has a market capitalization of $2.26 billion, a P/E ratio of 16.49 and a beta of 1.27. LiveRamp has a 52 week low of $21.71 and a 52 week high of $37.92. The stock’s fifty day moving average is $32.35 and its two-hundred day moving average is $28.98.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Monday, May 18th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. Sell-side analysts anticipate that LiveRamp will post 2.07 earnings per share for the current fiscal 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.