LiveRamp (NYSE:RAMP) Downgraded by Zacks Research to Hold

LiveRamp (NYSE:RAMP) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on RAMP. Cross Research set a $53.00 price objective on shares of LiveRamp in a research note on Tuesday, November 4th. Benchmark reiterated a “buy” rating on shares of LiveRamp in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Morgan Stanley raised their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Finally, 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 report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.50.

LiveRamp Stock Down 1.3%

Shares of RAMP stock opened at $25.79 on Monday. The stock has a market cap of $1.64 billion, a P/E ratio of 42.60 and a beta of 1.12. The company’s fifty day simple moving average is $29.14 and its two-hundred day simple moving average is $29.09. LiveRamp has a 52 week low of $22.82 and a 52 week high of $36.08.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $199.83 million for the quarter, compared to the consensus estimate of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. On average, analysts anticipate that LiveRamp will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On LiveRamp

A number of institutional investors and hedge funds have recently modified their holdings of RAMP. Headlands Technologies LLC acquired a new stake in LiveRamp during the 2nd quarter valued at $31,000. Strs Ohio bought a new stake in LiveRamp during the first quarter worth about $31,000. Picton Mahoney Asset Management acquired a new stake in LiveRamp in the 3rd quarter valued at about $38,000. Parkside Financial Bank & Trust raised its position in shares of LiveRamp by 18.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after acquiring an additional 487 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of LiveRamp during the 3rd quarter valued at $122,000. 93.83% of the stock is 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.