LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $43.50 Consensus Target Price from Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $43.50.

A number of research firms recently commented on RAMP. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Monday. Wells Fargo & Company upped their price target on shares of LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of LiveRamp in a research note on Tuesday, November 4th. Wall Street Zen raised shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Finally, Morgan Stanley boosted their target price on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th.

LiveRamp Trading Up 0.6%

Shares of NYSE:RAMP opened at $29.81 on Tuesday. The stock has a fifty day simple moving average of $28.96 and a two-hundred day simple moving average of $29.44. LiveRamp has a 12-month low of $22.82 and a 12-month high of $36.08. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 48.87 and a beta of 1.17.

LiveRamp (NYSE:RAMP) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) 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 firm had revenue of $199.83 million for the quarter, compared to the consensus estimate of $197.31 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that LiveRamp will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Triumph Capital Management purchased a new position in LiveRamp during the third quarter valued at $122,000. CIBC Bancorp USA Inc. purchased a new position in shares of LiveRamp during the third quarter valued at about $301,000. Danske Bank A S bought a new stake in shares of LiveRamp in the third quarter worth about $312,000. CANADA LIFE ASSURANCE Co lifted its position in shares of LiveRamp by 2.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 65,319 shares of the company’s stock worth $1,844,000 after buying an additional 1,535 shares in the last quarter. Finally, Woodline Partners LP lifted its position in shares of LiveRamp by 44.9% in the third quarter. Woodline Partners LP now owns 17,322 shares of the company’s stock worth $470,000 after buying an additional 5,366 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.