LiveRamp (NYSE:RAMP) Releases Earnings Results, Beats Estimates By $0.07 EPS

LiveRamp (NYSE:RAMP) released its quarterly earnings data on Wednesday. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07, FiscalAI reports. The company had revenue of $213.99 million for the quarter, compared to the consensus estimate of $211.45 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS.

LiveRamp Price Performance

LiveRamp stock traded down $0.09 during midday trading on Wednesday, hitting $37.77. 855,353 shares of the company were exchanged, compared to its average volume of 893,500. LiveRamp has a fifty-two week low of $21.71 and a fifty-two week high of $38.23. The company’s fifty day moving average price is $37.68 and its 200-day moving average price is $31.28. The company has a market cap of $2.30 billion, a PE ratio of 16.57 and a beta of 1.29.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RAMP. Strs Ohio acquired a new stake in LiveRamp during the 1st quarter valued at $31,000. Headlands Technologies LLC acquired a new stake in shares of LiveRamp during the second quarter valued at about $31,000. Kestra Advisory Services LLC purchased a new stake in shares of LiveRamp during the fourth quarter worth about $95,000. Triumph Capital Management acquired a new position in shares of LiveRamp in the third quarter worth about $122,000. Finally, US Bancorp DE boosted its holdings in LiveRamp by 8.8% in the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock valued at $188,000 after purchasing an additional 564 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RAMP has been the subject of a number of research analyst reports. Morgan Stanley set a $38.50 target price on shares of LiveRamp in a research report on Friday, May 22nd. Craig Hallum cut shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research report on Tuesday, May 19th. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $38.50 in a research note on Monday, May 18th. Finally, Weiss Ratings lowered shares of LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, LiveRamp currently has a consensus rating of “Hold” and a consensus target price of $40.21.

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.