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

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.50.

A number of brokerages have issued reports on RAMP. Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a research report on Tuesday, November 4th. Wells Fargo & Company upped their price objective on shares of LiveRamp from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a report on Monday, December 29th. Zacks Research lowered shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Morgan Stanley upped their price target on shares of LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th.

Institutional Trading of LiveRamp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division increased its stake in LiveRamp by 4.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,169 shares of the company’s stock valued at $299,000 after purchasing an additional 470 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of LiveRamp by 18.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the company’s stock valued at $84,000 after buying an additional 487 shares during the period. Engineers Gate Manager LP increased its position in shares of LiveRamp by 0.5% in the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock valued at $3,748,000 after buying an additional 561 shares in the last quarter. US Bancorp DE increased its position in shares of LiveRamp by 8.8% in the 3rd quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after buying an additional 564 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in LiveRamp by 2.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 29,466 shares of the company’s stock worth $974,000 after buying an additional 622 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Trading Up 1.0%

RAMP stock opened at $25.03 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of 41.03 and a beta of 1.12. LiveRamp has a 1 year low of $22.82 and a 1 year high of $36.08. The company has a fifty day simple moving average of $28.60 and a 200 day simple moving average of $28.78.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. The company had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. As a group, analysts forecast that LiveRamp will post 0.48 EPS for the current fiscal year.

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.