LiveRamp (NYSE:RAMP) Stock Price Down 3.3%

LiveRamp Holdings, Inc. (NYSE:RAMP)’s share price fell 3.3% during trading on Friday . The company traded as low as $46.54 and last traded at $46.74. 4,424 shares traded hands during trading, a decline of 99% from the average session volume of 732,942 shares. The stock had previously closed at $48.36.

Several analysts recently weighed in on RAMP shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $65.00 target price (down previously from $80.00) on shares of LiveRamp in a report on Wednesday, March 10th. Needham & Company LLC reduced their price objective on shares of LiveRamp from $88.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, May 26th. Craig Hallum lowered their target price on shares of LiveRamp from $100.00 to $82.00 and set a “buy” rating for the company in a research note on Wednesday, May 26th. Evercore ISI cut their price target on LiveRamp from $93.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 26th. Finally, Zacks Investment Research raised LiveRamp from a “sell” rating to a “hold” rating in a report on Wednesday, April 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.78.

The stock’s 50 day simple moving average is $49.13. The company has a market cap of $3.08 billion, a P/E ratio of -48.92 and a beta of 1.15.

LiveRamp (NYSE:RAMP) last announced its earnings results on Monday, May 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $119.00 million during the quarter, compared to analysts’ expectations of $116.21 million. LiveRamp had a negative return on equity of 5.28% and a negative net margin of 14.33%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, analysts predict that LiveRamp Holdings, Inc. will post 0.5 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of LiveRamp by 1,148.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,076,270 shares of the company’s stock valued at $78,772,000 after acquiring an additional 990,043 shares during the period. RGM Capital LLC increased its stake in LiveRamp by 53.8% in the first quarter. RGM Capital LLC now owns 2,181,207 shares of the company’s stock valued at $113,161,000 after purchasing an additional 762,550 shares during the period. Renaissance Technologies LLC purchased a new stake in LiveRamp in the 1st quarter valued at approximately $37,949,000. Norges Bank acquired a new position in LiveRamp during the 4th quarter worth approximately $44,953,000. Finally, Schroder Investment Management Group raised its stake in shares of LiveRamp by 48.1% during the 1st quarter. Schroder Investment Management Group now owns 1,594,603 shares of the company’s stock worth $82,728,000 after buying an additional 517,630 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

About LiveRamp (NYSE:RAMP)

LiveRamp Holdings, Inc, a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier that provides activation, measurement and analytics, identity, data collaboration, and data marketplace solutions.

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