LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Has Average Target Price of $40.21

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.21.

RAMP has been the topic of a number of research analyst reports. Weiss Ratings raised LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research report on Tuesday, August 11th.

LiveRamp Stock Up 0.0%

RAMP opened at $37.52 on Friday. LiveRamp has a 12 month low of $21.71 and a 12 month high of $38.23. The company has a fifty day simple moving average of $37.74 and a 200 day simple moving average of $34.49. The stock has a market cap of $2.28 billion, a P/E ratio of 15.38 and a beta of 1.25.

LiveRamp (NYSE:RAMP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The business had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that LiveRamp will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in shares of LiveRamp in the second quarter valued at approximately $201,000. Maven Securities LTD acquired a new stake in shares of LiveRamp during the second quarter worth $521,000. Squarepoint Ops LLC raised its holdings in shares of LiveRamp by 3,382.3% during the second quarter. Squarepoint Ops LLC now owns 325,735 shares of the company’s stock worth $12,261,000 after acquiring an additional 316,381 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of LiveRamp during the second quarter worth $210,000. Finally, Carmignac Gestion bought a new stake in LiveRamp in the 2nd quarter valued at $8,813,000. Institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc provides data collaboration and identity solutions that help companies connect, organize and activate customer information across digital and offline marketing channels. Its platform is designed to support privacy-conscious data sharing while enabling businesses to create a more consistent understanding of customers and prospects.

The company’s offerings include identity resolution, data onboarding, audience activation, data collaboration and marketing measurement tools.