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

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.50.

A number of research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating on shares of LiveRamp in a research note on Tuesday, November 4th. 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 note on Thursday, November 13th. Wall Street Zen raised LiveRamp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Cross Research set a $53.00 target price on LiveRamp in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 22nd.

LiveRamp Price Performance

Shares of LiveRamp stock opened at $29.73 on Tuesday. The firm has a market cap of $1.89 billion, a PE ratio of 48.73 and a beta of 1.17. LiveRamp has a 1 year low of $22.82 and a 1 year high of $36.08. The stock has a fifty day moving average price of $29.05 and a 200-day moving average price of $29.35.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that LiveRamp will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

Several large investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of LiveRamp during the 2nd quarter valued at approximately $31,000. Strs Ohio bought a new stake in LiveRamp during the 1st quarter valued at $31,000. Picton Mahoney Asset Management purchased a new stake in shares of LiveRamp during the third quarter worth $38,000. State of Wyoming bought a new position in shares of LiveRamp in the first quarter worth $49,000. Finally, Parkside Financial Bank & Trust grew its position in shares of LiveRamp by 18.8% in the third 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 in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.