LiveRamp (NYSE:RAMP) Hits New 12-Month Low on Analyst Downgrade

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) reached a new 52-week low on Tuesday after Benchmark lowered their price target on the stock from $53.00 to $38.00. Benchmark currently has a buy rating on the stock. LiveRamp traded as low as $22.81 and last traded at $22.7850, with a volume of 194338 shares traded. The stock had previously closed at $24.51.

A number of other brokerages have also recently weighed in on RAMP. Morgan Stanley boosted their price objective on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Wells Fargo & Company lifted their target price 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. Cross Research set a $53.00 price target on shares of LiveRamp in a research note on Tuesday, November 4th. Zacks Research downgraded shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.33.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of LiveRamp during the second quarter worth about $31,000. Strs Ohio acquired a new position in LiveRamp during the 1st quarter worth approximately $31,000. Picton Mahoney Asset Management purchased a new position in shares of LiveRamp during the 3rd quarter worth approximately $38,000. Parkside Financial Bank & Trust raised its stake in shares of LiveRamp by 18.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock worth $84,000 after buying an additional 487 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of LiveRamp in the 3rd quarter valued at approximately $122,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

The stock has a 50 day moving average of $27.86 and a two-hundred day moving average of $28.23. The stock has a market capitalization of $1.43 billion, a PE ratio of 36.90 and a beta of 1.13.

LiveRamp (NYSE:RAMP) last released its 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. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The company had revenue of $199.83 million during the quarter, compared to the consensus estimate of $197.31 million. During the same quarter last year, the company earned $0.51 earnings per share. LiveRamp’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that LiveRamp Holdings, Inc. will post 0.48 earnings per share for the current fiscal 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.