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

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $39.40.

A number of research analysts recently weighed in on the stock. Cross Research set a $53.00 price objective on shares of LiveRamp in a research report on Tuesday, November 4th. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. DA Davidson dropped their price target on LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Morgan Stanley upped their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th.

LiveRamp Price Performance

RAMP stock opened at $24.10 on Wednesday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 22.74 and a beta of 1.13. LiveRamp has a 1-year low of $21.71 and a 1-year high of $35.60. The business has a fifty day moving average price of $27.30 and a 200-day moving average price of $27.89.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. LiveRamp had a return on equity of 6.40% and a net margin of 8.64%.The company had revenue of $212.20 million during the quarter, compared to the consensus estimate of $211.68 million. During the same period last year, the company earned $0.55 EPS. LiveRamp’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts anticipate that LiveRamp will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in the business. Lido Advisors LLC boosted its holdings in shares of LiveRamp by 4.8% in the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company’s stock worth $261,000 after buying an additional 429 shares during the last quarter. Goldman Sachs Group Inc. raised its position in LiveRamp by 2.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 376,508 shares of the company’s stock worth $11,058,000 after acquiring an additional 10,085 shares during the period. Natixis Advisors LLC raised its position in LiveRamp by 17.1% in the fourth quarter. Natixis Advisors LLC now owns 34,142 shares of the company’s stock worth $1,003,000 after acquiring an additional 4,977 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of LiveRamp by 16.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 253,670 shares of the company’s stock worth $7,450,000 after acquiring an additional 35,000 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in shares of LiveRamp during the 4th quarter worth $407,000. Institutional investors 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.