LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Average Rating of “Hold” from Brokerages

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $40.2143.

RAMP has been the subject of several research analyst reports. Weiss Ratings lowered 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 target on shares of LiveRamp in a research note on Friday, May 22nd. DA Davidson cut 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 report on Monday, May 18th. Evercore started coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They set an “outperform” rating and a $37.00 price objective for the company. Finally, Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective on the stock. in a report on Tuesday, May 19th.

LiveRamp Stock Up 0.7%

RAMP opened at $38.03 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 16.68 and a beta of 1.27. LiveRamp has a 12 month low of $21.71 and a 12 month high of $38.23. The company has a fifty day simple moving average of $36.65 and a 200 day simple moving average of $30.31.

LiveRamp (NYSE:RAMP) last posted its earnings results 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. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The firm had revenue of $206.09 million during the quarter, compared to analysts’ expectations of $205.49 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that LiveRamp will post 2.07 earnings per share for the current fiscal year.

Institutional Trading of LiveRamp

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

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.