Brokerages Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $40.21

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $40.2143.

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

Institutional Investors Weigh In On LiveRamp

A number of institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. purchased a new position in LiveRamp during the fourth quarter valued at approximately $55,256,000. Assenagon Asset Management S.A. acquired a new stake in shares of LiveRamp during the 2nd quarter valued at $21,862,000. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after acquiring an additional 529,485 shares in the last quarter. Boston Partners increased its stake in shares of LiveRamp by 56.6% in the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after acquiring an additional 459,094 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of LiveRamp by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock worth $73,519,000 after acquiring an additional 365,894 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

Shares of NYSE:RAMP opened at $37.97 on Friday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 16.65 and a beta of 1.27. LiveRamp has a 1-year low of $21.71 and a 1-year high of $38.23. The company has a 50 day moving average price of $36.32 and a 200 day moving average price of $30.20.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $206.09 million during the quarter, compared to the consensus estimate of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, sell-side analysts expect that LiveRamp will post 2.07 EPS 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.