LiveRamp (NYSE:RAMP) Announces Quarterly Earnings Results

LiveRamp (NYSE:RAMP) announced its quarterly earnings results on Thursday. The company reported $0.30 EPS for the quarter, FiscalAI reports. The business had revenue of $214.71 million during the quarter. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%.

LiveRamp Stock Performance

NYSE RAMP remained flat at $38.50 on Friday. LiveRamp has a 12 month low of $21.71 and a 12 month high of $38.52. The stock has a market capitalization of $2.34 billion, a P/E ratio of 15.78 and a beta of 1.27. The stock’s fifty day moving average price is $37.92 and its 200-day moving average price is $33.75.

Institutional Trading of LiveRamp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC grew its position in LiveRamp by 76.4% during the third quarter. Gabelli Funds LLC now owns 468,921 shares of the company’s stock valued at $17,594,000 after acquiring an additional 203,034 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of LiveRamp by 106.9% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 300,413 shares of the company’s stock worth $11,271,000 after acquiring an additional 155,214 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of LiveRamp by 104.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 33,250 shares of the company’s stock valued at $1,248,000 after purchasing an additional 17,000 shares in the last quarter. USS Investment Management Ltd purchased a new stake in shares of LiveRamp in the 3rd quarter valued at $266,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of LiveRamp by 77.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 385,418 shares of the company’s stock valued at $14,513,000 after purchasing an additional 168,766 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RAMP shares. DA Davidson restated a “neutral” rating on shares of LiveRamp in a research note on Tuesday, August 11th. Weiss Ratings upgraded LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.08.

LiveRamp Company Profile

LiveRamp Holdings, Inc. provides a data connectivity platform that helps businesses securely connect and use information across marketing and customer experience activities. Its services support identity resolution, audience activation, measurement and data collaboration among brands, publishers, platforms and data providers. The company’s platform enables organizations to match data from different sources and collaborate on insights, including through privacy-focused data environments. These tools are designed to help clients coordinate advertising and customer engagement across digital channels while managing how data is accessed and used.