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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $43.50.

RAMP has been the topic of several research reports. Benchmark restated a “buy” rating on shares of LiveRamp in a 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 company an “equal weight” rating in a report on Friday, November 7th. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Finally, Cross Research set a $53.00 price target on shares of LiveRamp in a research note on Tuesday, November 4th.

Hedge Funds Weigh In On LiveRamp

A number of hedge funds have recently made changes to their positions in RAMP. Royal Bank of Canada increased its position in LiveRamp by 246.4% during the 1st quarter. Royal Bank of Canada now owns 19,726 shares of the company’s stock valued at $515,000 after purchasing an additional 14,031 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of LiveRamp during the first quarter worth $212,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LiveRamp by 1.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock worth $999,000 after buying an additional 677 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in LiveRamp by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 377,443 shares of the company’s stock valued at $9,866,000 after buying an additional 24,330 shares during the period. Finally, Caxton Associates LLP acquired a new position in LiveRamp in the first quarter valued at $309,000. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $25.06 on Friday. The company’s 50 day moving average price is $28.94 and its two-hundred day moving average price is $28.98. The firm has a market capitalization of $1.60 billion, a P/E ratio of 41.08 and a beta of 1.12. LiveRamp has a fifty-two week low of $22.82 and a fifty-two week high of $36.08.

LiveRamp (NYSE:RAMP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $199.83 million during the quarter, compared to analysts’ expectations of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.LiveRamp’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. On average, analysts expect that LiveRamp will post 0.48 earnings per share for the current year.

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.