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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.2143.

RAMP has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $38.50 in a research report on Monday, May 18th. Craig Hallum downgraded LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Finally, Morgan Stanley set a $38.50 target price on LiveRamp in a research note on Friday, May 22nd.

LiveRamp Trading Down 0.2%

NYSE RAMP opened at $37.75 on Thursday. LiveRamp has a 1 year low of $21.71 and a 1 year high of $38.23. The company has a market cap of $2.29 billion, a PE ratio of 15.47 and a beta of 1.29. The stock’s 50-day moving average price is $37.70 and its two-hundred day moving average price is $31.55.

LiveRamp (NYSE:RAMP) last announced its earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The company had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. During the same period last year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts forecast that LiveRamp will post 2.07 EPS for the current fiscal year.

Institutional Trading of LiveRamp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First National Bank of Omaha bought a new position in shares of LiveRamp during the 2nd quarter worth about $628,000. Nuance Investments LLC bought a new stake in shares of LiveRamp in the second quarter valued at about $3,033,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of LiveRamp in the second quarter valued at about $537,000. BlackRock Inc. acquired a new stake in LiveRamp during the second quarter worth about $381,301,000. Finally, Deutsche Bank AG acquired a new stake in LiveRamp during the second quarter worth about $2,592,000. 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.