LiveRamp (NYSE:RAMP) Sets New 52-Week High – Time to Buy?

LiveRamp Holdings, Inc. (NYSE:RAMP)’s stock price hit a new 52-week high during trading on Monday. The company traded as high as $38.34 and last traded at $38.1780, with a volume of 4,717,085 shares trading hands. The stock had previously closed at $37.44.

Wall Street Analyst Weigh In

RAMP has been the subject of several analyst reports. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.21.

LiveRamp Stock Up 2.0%

The stock has a market capitalization of $2.32 billion, a PE ratio of 15.65 and a beta of 1.27. The firm’s fifty day moving average is $37.68 and its 200-day moving average is $35.59.

LiveRamp (NYSE:RAMP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%. The business had revenue of $213.99 million during the quarter, compared to analysts’ expectations of $211.45 million. During the same period last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts expect that LiveRamp Holdings, Inc. will post 2.04 EPS for the current year.

Hedge Funds Weigh In On LiveRamp

A number of large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its stake in shares of LiveRamp by 769.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares during the period. Nykredit A S acquired a new position in shares of LiveRamp in the second quarter worth about $38,000. Public Employees Retirement System of Ohio purchased a new position in shares of LiveRamp during the 2nd quarter valued at approximately $44,000. Longfellow Investment Management Co. LLC bought a new position in LiveRamp during the 2nd quarter valued at $81,000. Finally, Fortitude Family Office LLC lifted its position in shares of LiveRamp by 6,027.3% during the third quarter. Fortitude Family Office LLC now owns 2,696 shares of the company’s stock worth $101,000 after purchasing an additional 2,652 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc (NYSE:RAMP) is a technology company that provides data collaboration and connectivity solutions for marketers, advertisers, publishers and technology providers. Its platform helps organizations securely connect customer and business data across systems while supporting privacy, consent and data-governance requirements.

The company’s products and services include identity resolution, data onboarding, audience segmentation, activation and measurement. LiveRamp enables clients to use their first-party data, collaborate with partners in controlled environments and deliver more relevant advertising and marketing experiences across digital, connected television, mobile and other channels.

LiveRamp serves customers across multiple industries and geographies, including North America, Europe and the Asia-Pacific region.