LiveRamp (NYSE:RAMP) Issues Quarterly Earnings Results

LiveRamp (NYSE:RAMP) issued its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $214.71 million for the quarter. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%.

LiveRamp Price Performance

Shares of RAMP stock remained flat at $38.50 during trading hours on Thursday. The company’s 50-day moving average price is $37.90 and its two-hundred day moving average price is $33.69. The firm has a market cap of $2.34 billion, a PE ratio of 15.78 and a beta of 1.27. LiveRamp has a 12-month low of $21.71 and a 12-month high of $38.52.

Analysts Set New Price Targets

RAMP has been the topic of a number of recent research reports. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.08.

Institutional Investors Weigh In On LiveRamp

A number of large investors have recently made changes to their positions in RAMP. USS Investment Management Ltd acquired a new stake in LiveRamp during the 3rd quarter worth about $266,000. Public Sector Pension Investment Board increased its holdings in shares of LiveRamp by 77.9% in the third quarter. Public Sector Pension Investment Board now owns 385,418 shares of the company’s stock valued at $14,513,000 after purchasing an additional 168,766 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of LiveRamp by 2,584.2% during the third quarter. Global Retirement Partners LLC now owns 11,891 shares of the company’s stock worth $446,000 after purchasing an additional 11,448 shares during the period. Intech Investment Management LLC boosted its position in LiveRamp by 8.8% in the third quarter. Intech Investment Management LLC now owns 114,895 shares of the company’s stock valued at $4,311,000 after buying an additional 9,298 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in LiveRamp by 45.7% in the third quarter. Maryland State Retirement & Pension System now owns 13,425 shares of the company’s stock valued at $504,000 after buying an additional 4,211 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

LiveRamp Company Profile

LiveRamp Holdings, Inc. provides a data connectivity platform that helps businesses securely connect and use information across marketing and customer experience activities. Its services support identity resolution, audience activation, measurement and data collaboration among brands, publishers, platforms and data providers. The company’s platform enables organizations to match data from different sources and collaborate on insights, including through privacy-focused data environments. These tools are designed to help clients coordinate advertising and customer engagement across digital channels while managing how data is accessed and used.