LiveRamp Holdings, Inc. (NYSE:RAMP) Receives $43.50 Average PT from Analysts

LiveRamp Holdings, Inc. (NYSE:RAMP) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.50.

RAMP has been the topic of several recent research reports. Cross Research set a $53.00 target price on shares of LiveRamp in a report on Tuesday, November 4th. Wells Fargo & Company raised their price objective on LiveRamp from $31.00 to $34.00 and gave the stock 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. Zacks Research raised LiveRamp from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 20th. Finally, Morgan Stanley raised their price target on LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th.

Hedge Funds Weigh In On LiveRamp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tributary Capital Management LLC boosted its position in shares of LiveRamp by 134.0% during the 3rd quarter. Tributary Capital Management LLC now owns 1,059,040 shares of the company’s stock worth $28,742,000 after acquiring an additional 606,389 shares in the last quarter. Boston Partners lifted its stake in LiveRamp by 56.6% during the third quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after purchasing an additional 459,094 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of LiveRamp by 32.3% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,285,444 shares of the company’s stock valued at $34,887,000 after purchasing an additional 313,868 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of LiveRamp by 170.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 473,459 shares of the company’s stock valued at $12,850,000 after purchasing an additional 298,197 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of LiveRamp by 366.7% in the 2nd quarter. Marshall Wace LLP now owns 343,282 shares of the company’s stock valued at $11,342,000 after purchasing an additional 269,719 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

LiveRamp Stock Performance

RAMP opened at $29.87 on Tuesday. The stock has a fifty day moving average of $29.01 and a 200-day moving average of $29.39. The company has a market capitalization of $1.90 billion, a P/E ratio of 48.96 and a beta of 1.17. LiveRamp has a fifty-two week low of $22.82 and a fifty-two week high of $36.08.

LiveRamp (NYSE:RAMP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. LiveRamp had a net margin of 5.15% and a return on equity of 4.44%. The business had revenue of $199.83 million for the quarter, compared to analyst estimates of $197.31 million. During the same period last year, the firm earned $0.51 earnings per share. LiveRamp’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that LiveRamp will post 0.48 earnings per share 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.