LiveRamp (NYSE:RAMP) Hits New 52-Week High – Here’s Why

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price reached a new 52-week high on Monday . The stock traded as high as $37.94 and last traded at $37.6680, with a volume of 651 shares traded. The stock had previously closed at $37.70.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RAMP. Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday, May 22nd. Evercore began coverage on shares of LiveRamp in a report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective on the stock. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price on the stock. in a research report on Tuesday, May 19th. Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Finally, DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $38.50 in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Performance

The company’s fifty day moving average is $34.29 and its two-hundred day moving average is $29.53. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 16.49 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, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $206.09 million during the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.28%. LiveRamp’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in LiveRamp by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock worth $73,519,000 after purchasing an additional 365,894 shares during the period. Schroder Investment Management Group raised its stake in shares of LiveRamp by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock valued at $77,750,000 after buying an additional 96,867 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of LiveRamp by 37.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after buying an additional 529,485 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LiveRamp in the 4th quarter valued at about $55,256,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of LiveRamp by 16.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock valued at $41,118,000 after buying an additional 213,706 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.