LiveRamp (NYSE:RAMP) Sets New 52-Week Low on Analyst Downgrade

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) hit a new 52-week low during mid-day trading on Tuesday after Benchmark lowered their price target on the stock from $53.00 to $38.00. Benchmark currently has a buy rating on the stock. LiveRamp traded as low as $22.81 and last traded at $22.7850, with a volume of 194338 shares traded. The stock had previously closed at $24.51.

A number of other brokerages have also recently commented on RAMP. Zacks Research cut LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Cross Research set a $53.00 target price on shares of LiveRamp in a report on Tuesday, November 4th. Wells Fargo & Company boosted their target price on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Morgan Stanley lifted their price target on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.33.

Hedge Funds Weigh In On LiveRamp

Several large investors have recently modified their holdings of RAMP. Royal Bank of Canada raised its stake in shares of LiveRamp by 246.4% in the first quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock worth $515,000 after purchasing an additional 14,031 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of LiveRamp during the 1st quarter valued at $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LiveRamp by 1.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock worth $999,000 after buying an additional 677 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of LiveRamp by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock worth $9,866,000 after acquiring an additional 24,330 shares during the period. Finally, Caxton Associates LLP bought a new position in LiveRamp in the first quarter valued at about $309,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

The firm has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $28.30. The firm has a market capitalization of $1.43 billion, a PE ratio of 36.90 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The business had revenue of $199.83 million for the quarter, compared to analysts’ expectations of $197.31 million. During the same quarter last year, the company posted $0.51 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current 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.