LiveRamp Holdings, Inc. (NYSE:RAMP – Get Free Report) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.2143.
Several equities research analysts have recently issued reports on RAMP shares. Craig Hallum lowered shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price objective for the company. in a research report on Tuesday, May 19th. Morgan Stanley set a $38.50 price target on LiveRamp in a report on Friday, May 22nd. Weiss Ratings raised shares of LiveRamp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of LiveRamp in a report on Tuesday, August 11th.
View Our Latest Research Report on LiveRamp
LiveRamp Price Performance
LiveRamp (NYSE:RAMP – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. LiveRamp had a net margin of 18.71% and a return on equity of 9.77%. The company had revenue of $213.99 million for the quarter, compared to analyst estimates of $211.45 million. During the same quarter last year, the business earned $0.44 EPS. LiveRamp’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts forecast that LiveRamp will post 2.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP increased its holdings in LiveRamp by 58.7% during the 2nd quarter. Corient Private Wealth LP now owns 17,086 shares of the company’s stock worth $643,000 after purchasing an additional 6,320 shares during the last quarter. Amundi boosted its stake in shares of LiveRamp by 6.8% during the 2nd quarter. Amundi now owns 14,024 shares of the company’s stock valued at $528,000 after buying an additional 896 shares during the last quarter. California State Teachers Retirement System grew its position in shares of LiveRamp by 3,175.9% during the second quarter. California State Teachers Retirement System now owns 2,630,396 shares of the company’s stock worth $99,008,000 after buying an additional 2,550,101 shares in the last quarter. Readystate Asset Management LP acquired a new stake in shares of LiveRamp during the second quarter worth approximately $12,576,000. Finally, Continuum Advisory LLC acquired a new position in LiveRamp during the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.
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.
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