LiveRamp (NYSE:RAMP) Rating Lowered to Hold at Zacks Research

LiveRamp (NYSE:RAMP) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

RAMP has been the subject of several other reports. Wells Fargo & Company increased their target price on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Benchmark reaffirmed a “buy” rating on shares of LiveRamp in a report on Tuesday, November 4th. Cross Research set a $53.00 price objective on shares of LiveRamp in a research note on Tuesday, November 4th. Morgan Stanley raised their price objective on shares of LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LiveRamp in a research note on Monday, December 29th. Two investment 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. Based on data from MarketBeat, LiveRamp currently has an average rating of “Hold” and an average price target of $43.50.

LiveRamp Stock Performance

Shares of RAMP stock traded down $0.46 on Monday, hitting $25.68. The stock had a trading volume of 278,015 shares, compared to its average volume of 519,221. The stock’s 50 day moving average is $29.14 and its 200-day moving average is $29.09. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 42.10 and a beta of 1.12. LiveRamp has a 52-week low of $22.82 and a 52-week high of $36.08.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The firm had revenue of $199.83 million for the quarter, compared to the consensus estimate of $197.31 million. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Equities analysts expect that LiveRamp will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of LiveRamp during the second quarter valued at $31,000. Strs Ohio acquired a new position in LiveRamp during the 1st quarter valued at about $31,000. Picton Mahoney Asset Management bought a new stake in shares of LiveRamp during the 3rd quarter worth about $38,000. Parkside Financial Bank & Trust lifted its stake 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 worth $84,000 after acquiring an additional 487 shares during the period. Finally, Triumph Capital Management bought a new position in shares of LiveRamp in the third quarter valued at approximately $122,000. 93.83% of the stock is owned by institutional investors.

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.