LiveRamp Holdings, Inc. (NYSE:RAMP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• LiveRamp has a consensus “Hold” rating: Six of eight analysts recommend holding the stock, while two rate it a buy. The average 12-month price target is $40.21, compared with a recent price of $37.74.
• Recent quarterly results exceeded expectations: LiveRamp reported adjusted EPS of $0.65 versus the $0.58 consensus estimate and revenue of $213.99 million, up 9.9% year over year and above forecasts.
• Institutional ownership remains high: Hedge funds and other institutional investors own approximately 93.83% of LiveRamp’s outstanding shares, with several firms recently increasing their positions.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.2143.

Several brokerages have recently weighed in on RAMP. Weiss Ratings upgraded shares of LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Craig Hallum cut shares of LiveRamp from a "buy" rating to a "hold" rating and set a $38.50 price target for the company. 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, DA Davidson reiterated a "neutral" rating on shares of LiveRamp in a research report on Tuesday, August 11th.

Institutional Investors Weigh In On LiveRamp

Hedge funds have recently made changes to their positions in the company. Azzad Asset Management Inc. ADV raised its holdings in LiveRamp by 1.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 32,887 shares of the company's stock worth $872,000 after buying an additional 353 shares during the period. Lido Advisors LLC boosted its holdings in shares of LiveRamp by 4.8% in the fourth quarter. Lido Advisors LLC now owns 9,418 shares of the company's stock valued at $261,000 after buying an additional 429 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of LiveRamp by 6.1% in the first quarter. NewEdge Advisors LLC now owns 8,026 shares of the company's stock valued at $213,000 after buying an additional 465 shares during the period. Engineers Gate Manager LP increased its position in shares of LiveRamp by 0.5% during the second quarter. Engineers Gate Manager LP now owns 113,424 shares of the company's stock worth $3,748,000 after acquiring an additional 561 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of LiveRamp by 8.8% during the third quarter. US Bancorp DE now owns 6,944 shares of the company's stock worth $188,000 after acquiring an additional 564 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

LiveRamp Price Performance

Shares of RAMP opened at $37.74 on Monday. LiveRamp has a 12-month low of $21.71 and a 12-month high of $38.23. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.47 and a beta of 1.29. The stock's 50-day moving average price is $37.74 and its 200 day moving average price is $32.87.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 EPS for the quarter, topping 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 company had revenue of $213.99 million during the quarter, compared to the consensus estimate of $211.45 million. During the same quarter last year, the company earned $0.44 EPS. The company's quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that LiveRamp will post 2.04 EPS for the current year.

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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