LiveRamp (NYSE:RAMP) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of LiveRamp (NYSE:RAMP) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Cross Research set a $53.00 price objective on LiveRamp in a research report on Tuesday, November 4th. Wells Fargo & Company raised their price objective on shares of LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Morgan Stanley boosted their target price on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Benchmark restated a “buy” rating on shares of LiveRamp in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.50.

LiveRamp Stock Down 1.3%

Shares of RAMP stock opened at $25.81 on Monday. LiveRamp has a 12 month low of $22.82 and a 12 month high of $36.08. The firm has a market cap of $1.64 billion, a PE ratio of 42.32 and a beta of 1.12. The stock has a 50 day moving average of $29.11 and a 200-day moving average of $29.06.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The company had revenue of $199.83 million for the quarter, compared to the consensus estimate of $197.31 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that LiveRamp will post 0.48 EPS for the current fiscal year.

Institutional Trading of LiveRamp

A number of institutional investors have recently bought and sold shares of RAMP. Central Pacific Bank Trust Division grew its stake in 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 during the period. Parkside Financial Bank & Trust grew its position in shares of LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after purchasing an additional 487 shares during the period. Engineers Gate Manager LP increased 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 worth $3,748,000 after purchasing an additional 561 shares in the last quarter. US Bancorp DE raised its holdings in LiveRamp by 8.8% during the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after buying an additional 564 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in LiveRamp by 2.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 29,466 shares of the company’s stock worth $974,000 after buying an additional 622 shares during the period. Institutional investors and hedge funds 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.