LiveRamp (NYSE:RAMP) Sets New 52-Week High – Time to Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $37.92 and last traded at $37.64, with a volume of 836 shares. The stock had previously closed at $37.54.

Wall Street Analyst Weigh In

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

LiveRamp Price Performance

The stock has a market cap of $2.29 billion, a PE ratio of 16.49 and a beta of 1.27. The company has a 50 day moving average price of $35.67 and a two-hundred day moving average price of $29.97.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RAMP. Azzad Asset Management Inc. ADV boosted its holdings in LiveRamp by 1.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company’s stock worth $872,000 after purchasing an additional 353 shares during the last quarter. Lido Advisors LLC raised its stake in LiveRamp by 4.8% during the 4th quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after acquiring an additional 429 shares during the period. NewEdge Advisors LLC lifted its stake in shares of LiveRamp by 6.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,026 shares of the company’s stock valued at $213,000 after buying an additional 465 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of LiveRamp by 4.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after acquiring an additional 470 shares in the last quarter. Finally, Engineers Gate Manager LP raised its stake in LiveRamp by 0.5% during the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after purchasing an additional 561 shares during the period. Institutional investors own 93.83% of the company’s stock.

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.