LiveRamp (NYSE:RAMP) Sets New 12-Month High – Should You Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.95 and last traded at $37.91, with a volume of 1426655 shares. The stock had previously closed at $37.88.

Wall Street Analysts Forecast Growth

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

LiveRamp Price Performance

The firm has a market capitalization of $2.31 billion, a P/E ratio of 16.62 and a beta of 1.27. The firm’s 50 day simple moving average is $35.99 and its two-hundred day simple moving average is $30.08.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. As a group, equities research analysts forecast that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

Hedge Funds Weigh In On LiveRamp

Large investors have recently bought and sold shares of the stock. 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 last quarter. Headlands Technologies LLC bought a new position in shares of LiveRamp in the second quarter worth approximately $31,000. Strs Ohio bought a new position in shares of LiveRamp in the first quarter worth approximately $31,000. Hantz Financial Services Inc. increased its stake in shares of LiveRamp by 197.0% in 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 during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after buying an additional 583 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

About LiveRamp

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.