LiveRamp (NYSE:RAMP) Reaches New 1-Year High – Should You Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP) shares reached a new 52-week high on Tuesday . The company traded as high as $37.92 and last traded at $37.64, with a volume of 836 shares traded. The stock had previously closed at $37.54.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Weiss Ratings cut shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and raised their target price for the company from $35.00 to $38.50 in a report on Monday, May 18th. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a report on Tuesday, May 19th. Finally, Evercore initiated coverage on shares of LiveRamp in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, LiveRamp presently has a consensus rating of “Hold” and an average target price of $40.21.

LiveRamp Stock Up 0.1%

The firm’s 50 day moving average is $35.34 and its 200-day moving average is $29.86. The firm has a market cap of $2.26 billion, a PE ratio of 16.48 and a beta of 1.27.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $206.09 million for the quarter, compared to analysts’ expectations of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. On average, analysts forecast that LiveRamp Holdings, Inc. will post 2.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RAMP. Dimensional Fund Advisors LP boosted its position in shares of LiveRamp by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,772,213 shares of the company’s stock worth $73,519,000 after acquiring an additional 365,894 shares during the last quarter. Schroder Investment Management Group raised its stake in LiveRamp by 3.9% during the fourth quarter. Schroder Investment Management Group now owns 2,609,061 shares of the company’s stock worth $77,750,000 after purchasing an additional 96,867 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of LiveRamp by 37.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,960,674 shares of the company’s stock valued at $51,997,000 after purchasing an additional 529,485 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LiveRamp during the 4th quarter valued at $55,256,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of LiveRamp by 16.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,550,435 shares of the company’s stock worth $41,118,000 after buying an additional 213,706 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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.