LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $40.21 Consensus PT from Brokerages

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.2143.

Several analysts have weighed in on RAMP shares. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. DA Davidson restated a “neutral” rating on shares of LiveRamp in a report on Tuesday, August 11th. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price on the stock. in a research note on Tuesday, May 19th. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday, May 22nd.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently modified their holdings of the company. Nuance Investments LLC purchased a new position in LiveRamp during the 2nd quarter valued at about $3,033,000. OMERS ADMINISTRATION Corp bought a new position in LiveRamp during the 2nd quarter valued at approximately $20,209,000. Moore Capital Management LP purchased a new stake in LiveRamp in the 2nd quarter worth approximately $1,506,000. Polar Asset Management Partners Inc. purchased a new stake in LiveRamp in the 2nd quarter worth approximately $3,764,000. Finally, Quantinno Capital Management LP grew its position in shares of LiveRamp by 659.7% in the 1st quarter. Quantinno Capital Management LP now owns 133,412 shares of the company’s stock worth $3,538,000 after buying an additional 115,850 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Trading Down 0.1%

RAMP opened at $37.79 on Monday. LiveRamp has a 12 month low of $21.71 and a 12 month high of $38.23. The business’s 50-day moving average price is $37.75 and its 200-day moving average price is $33.18. The company has a market cap of $2.30 billion, a P/E ratio of 15.49 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The company had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. During the same period in the prior year, the business posted $0.44 EPS. LiveRamp’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that LiveRamp will post 2.04 earnings per share for the current fiscal year.

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.