Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $40.21

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $40.2143.

Several analysts have issued reports on the stock. Evercore assumed coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price target for the company. DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their price target for the company from $35.00 to $38.50 in a research report on Monday, May 18th. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target for the company. in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a research report on Friday, May 22nd.

LiveRamp Stock Down 0.0%

NYSE RAMP opened at $37.73 on Tuesday. The company has a 50-day simple moving average of $33.19 and a two-hundred day simple moving average of $29.23. LiveRamp has a 12-month low of $21.71 and a 12-month high of $37.92. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 16.55 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. The business had revenue of $206.09 million during the quarter, compared to analyst estimates of $205.49 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. Equities analysts expect that LiveRamp will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in shares of LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of LiveRamp during the second quarter valued at about $31,000. Strs Ohio bought a new position in shares of LiveRamp during the first quarter valued at about $31,000. Hantz Financial Services Inc. raised its stake in shares of LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after acquiring an additional 727 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of LiveRamp during the third quarter valued at about $38,000. 93.83% of the stock is owned by institutional investors.

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.