Analysts Set LiveRamp Holdings, Inc. (NYSE:RAMP) Target Price at $40.21

Shares of LiveRamp Holdings, Inc. (NYSE:RAMPGet Free Report) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $40.2143.

RAMP has been the subject of a number of recent analyst reports. DA Davidson cut LiveRamp from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $38.50 in a report on Monday, May 18th. Craig Hallum lowered LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price on the stock. in a research note on Tuesday, May 19th. Morgan Stanley set a $38.50 target price on LiveRamp in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th.

View Our Latest Stock Analysis on RAMP

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently made changes to their positions in RAMP. Sound Income Strategies LLC increased its holdings in LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after buying an additional 946 shares during the period. Headlands Technologies LLC bought a new position in shares of LiveRamp in the 2nd quarter worth $31,000. Strs Ohio purchased a new stake in shares of LiveRamp during the 1st quarter worth $31,000. Hantz Financial Services Inc. raised its holdings in LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after purchasing an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in LiveRamp by 63.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $44,000 after purchasing an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $37.81 on Thursday. LiveRamp has a 1 year low of $21.71 and a 1 year high of $38.23. The firm has a 50-day simple moving average of $37.69 and a two-hundred day simple moving average of $31.42. The company has a market cap of $2.30 billion, a P/E ratio of 15.50 and a beta of 1.29.

LiveRamp (NYSE:RAMPGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. LiveRamp had a return on equity of 9.77% and a net margin of 18.71%.The firm had revenue of $213.99 million for the quarter, compared to analysts’ expectations of $211.45 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts expect that LiveRamp will post 2.07 EPS for the current year.

About LiveRamp

(Get Free Report)

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.

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Analyst Recommendations for LiveRamp (NYSE:RAMP)

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