LiveRamp (NYSE:RAMP) Hits New 12-Month High – Here’s Why

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $37.95 and last traded at $37.91, with a volume of 1426655 shares traded. The stock had previously closed at $37.88.

Wall Street Analyst Weigh In

RAMP has been the subject of several recent research reports. Evercore initiated coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target for the company. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research note on Friday, May 22nd. Finally, DA Davidson downgraded LiveRamp from a “buy” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $38.50 in a report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.21.

LiveRamp Stock Up 0.4%

The stock has a 50 day moving average of $36.32 and a 200 day moving average of $30.20. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 16.65 and a beta of 1.27.

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

Institutional Investors Weigh In On LiveRamp

Several large investors have recently modified their holdings of RAMP. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of LiveRamp by 11.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,431,189 shares of the company’s stock worth $42,034,000 after buying an additional 145,745 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of LiveRamp during the 4th quarter worth approximately $542,000. LSV Asset Management increased its stake in shares of LiveRamp by 36.3% in the 4th quarter. LSV Asset Management now owns 191,300 shares of the company’s stock valued at $5,618,000 after acquiring an additional 50,900 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of LiveRamp by 12.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 284,750 shares of the company’s stock valued at $7,552,000 after acquiring an additional 31,080 shares in the last quarter. Finally, Bridge City Capital LLC acquired a new position in shares of LiveRamp during the 4th quarter valued at $1,785,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.