LiveRamp (NYSE:RAMP) Trading Down 5.4%

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price dropped 5.4% during trading on Friday . The stock traded as low as $33.90 and last traded at $34.06. Approximately 450,455 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 476,561 shares. The stock had previously closed at $36.00.

Wall Street Analysts Forecast Growth

RAMP has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $37.00 target price on shares of LiveRamp in a research note on Tuesday, November 7th. Susquehanna upped their price target on shares of LiveRamp from $35.00 to $45.00 and gave the company a “positive” rating in a report on Thursday. TheStreet upgraded shares of LiveRamp from a “d+” rating to a “c-” rating in a report on Wednesday, August 16th. StockNews.com began coverage on shares of LiveRamp in a research report on Thursday, October 5th. They set a “strong-buy” rating on the stock. Finally, Morgan Stanley raised their price target on shares of LiveRamp from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $37.60.

LiveRamp Trading Down 6.5 %

The business’s 50 day moving average price is $29.49 and its two-hundred day moving average price is $28.18. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -37.81 and a beta of 1.06.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, August 9th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. LiveRamp had a negative net margin of 9.30% and a negative return on equity of 0.95%. The business had revenue of $154.07 million for the quarter, compared to the consensus estimate of $147.00 million. Analysts expect that LiveRamp Holdings, Inc. will post 0.37 EPS for the current year.

Institutional Investors Weigh In On LiveRamp

Several hedge funds have recently added to or reduced their stakes in the business. Montag A & Associates Inc. bought a new position in LiveRamp during the 2nd quarter worth approximately $29,000. Clear Street Markets LLC bought a new position in LiveRamp during the 4th quarter worth approximately $39,000. Tower Research Capital LLC TRC raised its holdings in LiveRamp by 52.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the company’s stock worth $48,000 after purchasing an additional 583 shares during the last quarter. Covestor Ltd raised its holdings in LiveRamp by 12,017.6% during the 2nd quarter. Covestor Ltd now owns 2,060 shares of the company’s stock worth $58,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in LiveRamp by 214.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,656 shares of the company’s stock worth $62,000 after purchasing an additional 1,130 shares during the last quarter. 90.50% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.