LiveRamp (NYSE:RAMP) Reaches New 52-Week High – Here’s What Happened

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.92 and last traded at $37.64, with a volume of 836 shares. The stock had previously closed at $37.54.

Wall Street Analysts Forecast Growth

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

LiveRamp Stock Up 0.1%

The stock has a fifty day moving average of $35.34 and a 200-day moving average of $29.86. The stock has a market capitalization of $2.26 billion, a PE ratio of 16.48 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The business had revenue of $206.09 million during the quarter, compared to the consensus estimate of $205.49 million. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts expect that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

Institutional Trading of LiveRamp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its position in LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the period. Headlands Technologies LLC acquired a new position in shares of LiveRamp during the 2nd quarter worth $31,000. Strs Ohio acquired a new stake in shares of LiveRamp in the first quarter valued at about $31,000. Hantz Financial Services Inc. boosted its holdings in LiveRamp by 197.0% during 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. Finally, Picton Mahoney Asset Management purchased a new position in LiveRamp in the third quarter valued at about $38,000. 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.