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

LiveRamp Holdings, Inc. (NYSE:RAMP) has earned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.2143.

RAMP has been the subject of a number of analyst reports. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. DA Davidson reiterated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $38.50 price target on shares of LiveRamp in a report on Friday, May 22nd.

LiveRamp Trading Up 0.0%

NYSE RAMP opened at $37.76 on Monday. The stock has a market cap of $2.30 billion, a P/E ratio of 15.48 and a beta of 1.25. The company’s fifty day simple moving average is $37.76 and its 200-day simple moving average is $33.36. LiveRamp has a 52 week low of $21.71 and a 52 week high of $38.23.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The business had revenue of $213.99 million during the quarter, compared to analyst estimates of $211.45 million. During the same period last year, the business earned $0.44 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, research analysts expect that LiveRamp will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP raised its holdings in shares of LiveRamp by 58.7% during the second quarter. Corient Private Wealth LP now owns 17,086 shares of the company’s stock valued at $643,000 after buying an additional 6,320 shares during the last quarter. Amundi grew its holdings in LiveRamp by 6.8% in the 2nd quarter. Amundi now owns 14,024 shares of the company’s stock worth $528,000 after buying an additional 896 shares in the last quarter. California State Teachers Retirement System grew its holdings in LiveRamp by 3,175.9% in the 2nd quarter. California State Teachers Retirement System now owns 2,630,396 shares of the company’s stock worth $99,008,000 after buying an additional 2,550,101 shares in the last quarter. Readystate Asset Management LP acquired a new stake in LiveRamp in the 2nd quarter valued at approximately $12,576,000. Finally, Continuum Advisory LLC acquired a new stake in LiveRamp in the 2nd quarter valued at approximately $200,000. 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.