LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LiveRamp Holdings, Inc. (NYSE:RAMP) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $41.14.

A number of research firms have weighed in on RAMP. Wells Fargo & Company initiated coverage on LiveRamp in a report on Monday, October 28th. They issued an “equal weight” rating and a $25.00 target price on the stock. StockNews.com upgraded shares of LiveRamp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 22nd. Macquarie reaffirmed an “outperform” rating and set a $43.00 target price on shares of LiveRamp in a report on Thursday, November 7th. Finally, Benchmark dropped their price target on shares of LiveRamp from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Institutional Trading of LiveRamp

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP increased its stake in LiveRamp by 4,575.0% in the 2nd quarter. Quarry LP now owns 935 shares of the company’s stock worth $29,000 after buying an additional 915 shares in the last quarter. DT Investment Partners LLC grew its position in shares of LiveRamp by 62.6% during the third quarter. DT Investment Partners LLC now owns 1,415 shares of the company’s stock worth $35,000 after purchasing an additional 545 shares in the last quarter. GAMMA Investing LLC raised its stake in LiveRamp by 232.2% during the 4th quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,189 shares during the period. Point72 DIFC Ltd purchased a new position in LiveRamp in the 3rd quarter worth approximately $92,000. Finally, Quest Partners LLC boosted its stake in LiveRamp by 68.8% in the 2nd quarter. Quest Partners LLC now owns 2,998 shares of the company’s stock worth $93,000 after purchasing an additional 1,222 shares during the period. 93.83% of the stock is currently owned by institutional investors.

LiveRamp Stock Down 2.8 %

Shares of NYSE RAMP opened at $29.40 on Tuesday. The firm’s 50-day moving average price is $30.08 and its 200-day moving average price is $27.89. LiveRamp has a 52-week low of $21.45 and a 52-week high of $42.66. The company has a market cap of $1.92 billion, a PE ratio of 588.12 and a beta of 0.96.

LiveRamp (NYSE:RAMP) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The business had revenue of $185.00 million during the quarter, compared to the consensus estimate of $176.16 million. LiveRamp had a net margin of 0.40% and a return on equity of 1.25%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts anticipate that LiveRamp will post 0.36 EPS for the current fiscal year.

LiveRamp Company Profile

LiveRamp Holdings, Inc, a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform enables an organization to unify customer and prospect data to build a single view of the customer in a way that protects consumer privacy.