LiveRamp Holdings, Inc. (NYSE:RAMP) Stock Has Average Price Target of $40.21 According to Brokerages

Key Points

• Analysts rate LiveRamp “Hold” overall: Six of eight analysts recommend holding the stock, while two recommend buying it. The average 12-month price target is $40.21, modestly above the $37.48 opening price.
• Quarterly results exceeded expectations: LiveRamp reported adjusted EPS of $0.65 versus the $0.58 consensus estimate, while revenue reached $213.99 million, up 9.9% year over year and ahead of forecasts.
• Institutional ownership remains high: Hedge funds and other institutional investors own approximately 93.83% of LiveRamp’s shares, with several funds recently increasing or initiating positions.

LiveRamp Holdings, Inc. (NYSE:RAMP - Get Free Report) has been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.21.

A number of equities analysts have commented on RAMP shares. Weiss Ratings raised LiveRamp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. DA Davidson reaffirmed a "neutral" rating on shares of LiveRamp in a research note on Tuesday, August 11th.

LiveRamp Stock Up 0.1%

LiveRamp stock opened at $37.48 on Friday. The firm has a fifty day simple moving average of $37.75 and a two-hundred day simple moving average of $34.43. LiveRamp has a twelve month low of $21.71 and a twelve month high of $38.23. The company has a market capitalization of $2.28 billion, a PE ratio of 15.36 and a beta of 1.25.

LiveRamp (NYSE:RAMP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share (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 period last year, the firm earned $0.44 earnings per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that LiveRamp will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveRamp

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company's stock worth $28,000 after purchasing an additional 946 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in LiveRamp by 197.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company's stock worth $32,000 after buying an additional 727 shares during the period. Nykredit A S bought a new stake in shares of LiveRamp in the 2nd quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its stake in shares of LiveRamp by 63.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company's stock valued at $44,000 after buying an additional 583 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of LiveRamp during the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc provides data collaboration and identity solutions that help companies connect, organize and activate customer information across digital and offline marketing channels. Its platform is designed to support privacy-conscious data sharing while enabling businesses to create a more consistent understanding of customers and prospects.

The company's offerings include identity resolution, data onboarding, audience activation, data collaboration and marketing measurement tools.

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